EUR/JPY – 1H – BUY

The pair Euro/Japanese Yen (EUR/JPY) goes from the descending trendline up.

A bullish ascent up to the next resistance level at 162.80100 will continue.

Caution: A possible change in the direction of support at 161.28900 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart signal. The currency pair could go up.

Additionally a ‘Northern Doji’ candle chart pattern is discovered. The chart forms ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

Additionally a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. this is usually a bullish chart signal. The currency pair is likely to rise.

162.80100 – 163.16800 – 163.27800 – 161.28900 – 162.07600 – 162.09500

Download EUR/JPY Signal Image

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji