EUR/JPY – 30M – BUY

The pair Euro/Japanese Yen (EUR/JPY) breaks through the bullish trendline up.

A continuation of the uptrend up to the next resistance line at 167.21100 will continue.

Caution: A possible counter-trend in the direction of support at 165.92400 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Northern Doji’ candle pattern is discovered. The candles form ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

167.21100 – 166.87100 – 166.58700 – 165.92400 – 164.93400 – 165.49200

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