EUR/JPY – 30M – BUY

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

A continuation of the bullish trend upwards to the next resistance level at 172.21600 is certain.

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

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The currency pair could go up.

And also a ‘Northern Doji’ candlestick pattern is existing. The candles form ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. 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).

172.21600 – 172.19800 – 172.59800 – 171.50100 – 170.96400 – 169.86900 — 49.640803122156 – 52.844108858314 — 68.359083824626 – 78.127209536632 – 54.229631135506 – 65.902017825034

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