EUR/JPY – 4H – BUY

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

A continuation of the upward movement upwards to the next resistance level at is likely expected.

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

And also a ‘StochRSI fall below 80’ indicator layout is existing. The indicator is ‘StochRSI fall below 80’. which is often a bearish chart scenario. The pair is likely to go down.

And also a ‘Northern Doji’ candle pattern is existing. The chart forms ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. 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).

169.85900 – 169.71100 – 167.61300 – 168.45600 – 167.90700 – 166.02800 — 60.770532318403 – 60.693293750416

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – Triple top chart pattern – –