EUR/JPY – 30M – BUY

There is also a ‘Inverse Head and Shoulder chart pattern’ chart layout is found. The chart picture forms ‘Inverse Head and Shoulder chart pattern’. which is a bullish pattern signal. The currency pair is likely to rise.

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

A continuation of the bullish trend upwards to the next resistance level at 177.774 is expected.

Caution: A possible trend reversal in the direction of the support level at 176.863 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bullish signal. The currency pair could go up.

There is also a ‘Northern Doji’ candlestick chart pattern is existing. The candles form ‘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 likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

177.603 – 176.888 – 177.18 – 176.863 – 176.506 – 176.276 —
177.52400 – 177.64700 —
59.731961400228 – 60.84959858965 —
– —
177.60300 – 1762531200

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – Inverse Head and Shoulder chart pattern – – –