EUR/JPY – 30M – BUY

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

A continuation of the uptrend up to the next resistance line at 173.653 is certain.

Caution: A possible counter-trend in the direction of the support level at 172.307 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bullish chart signal. The currency pair could go up.

Also there is a ‘Northern Doji’ chart pattern is detected. The candles show ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

172.906 – 172.741 – 172.674 – 172.307 – 172.488 – 172.714 — 64.470028246773 – 66.370928871544 — 30.185474785182 – 53.422791706603 – 38.020061959402 – 39.603618519485

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – Double bottom retreat down – –