EUR/JPY – 30M – BUY

The currency pair Euro/Japanese Yen (EUR/JPY) breaks through the bearish trendline upwards

An ascending movement upwards to the next resistance at 169.54200 is considered certain.

Caution: A possible change in the direction of the support level at 168.45600 should be noted.
Consider stop-loss settings accordingly.

In addition a ‘Northern Doji’ candle chart pattern is existing. The chart shows ‘Northern Doji’. this is a bullish 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).

169.54200 – 169.65700 – 169.85900 – 168.45600 – 168.70300 – 169.17800

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – Head and Shoulder chart pattern