EUR/JPY – 30M – BUY

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

A continuation of the bullish trend upwards to the next resistance at 174.498 is expected.

Caution: A possible reversal of the trend in the direction of the support level at 173.978 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The pair is likely to go up.

Furthermore a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a positive signal. The currency pair is likely to rise.

Furthermore a ‘Northern Doji’ candlestick pattern is discovered. The chart forms ‘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 chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

174.272 – 174.076 – 174.498 – 173.978 – 173.834 – 173.477 — 59.965682394999 – 61.239366778145 — 80.444413706138 – 68.114610377847 – 91.895251714717 – 81.266788507332

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