EUR/JPY – 1H – BUY

The currency pair Euro/Japanese Yen (EUR/JPY) jumps from the bullish trendline up.

A continuation of the uptrend up to the next resistance level at 169.85900 is certain.

Caution: A possible counter-trend in the direction of the support level at 168.55300 could occur.
Consider stop-loss settings accordingly.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive signal. The currency pair could go up.

Also there is a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. this is usually a bullish chart signal. The currency pair is likely to rise.

Also there is a ‘Northern Doji’ candle chart pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The currency 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).

169.85900 – 169.80500 – 169.39500 – 168.70300 – 168.62400 – 168.55300

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