EUR/JPY – 30M – BUY

The combination Euro/Japanese Yen (EUR/JPY) breaks through the bearish trendline up.

A bullish ascent up to the next resistance at 171.78900 is considered certain.

Caution: A possible change in the direction of support at 171.33800 could happen.
In the case of a trade, always set appropriate stop-loss settings.

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

171.78900 – 171.94300 – 171.94400 – 171.33800 – 171.11200 – 171.69200 — 46.584761963413 – 49.187967101622 — 39.244520120189 – 29.445456912262 – 61.118589781103 – 43.944929157906

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – Double bottom chart pattern – –