EUR/JPY – 4H – BUY

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

A continuation of the upward movement upwards to the next resistance line at will persist.

Caution: A possible change in the direction of the support line at 168.45600 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘StochRSI fall below 80’ indicator layout is detected. The indicator shows ‘StochRSI fall below 80’. which is often a bearish signal. The currency pair is likely to fall.

Furthermore a ‘Northern Doji’ chart pattern is discovered. The candles show ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going 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 – –