EUR/JPY – 30M – BUY

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

A bullish trend up to the next resistance at 173.21 is likely expected.

Caution: A possible change in the direction of support at 172.714 could occur.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Northern Doji’ candlestick pattern is discovered. The chart forms ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

173.21 – 173.409 – 171.706 – 172.714 – 172.751 – 171.234 — 65.027677909591 – 66.693566689101 — 88.872865275142 – 100 – 88.196056001902 – 92.581910183428

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