EUR/JPY – 1H – BUY

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

A continuation of the uptrend upwards to the next resistance line at 182.005 is certain.

Caution: A possible trend reversal in the direction of the support zone at is within the realm of possibility.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The currency pair could go up.

In addition a ‘Northern Doji’ candlestick chart pattern is existing. The chart shows ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

182.005 – 180.288 – 180.018 – 179.765 – 179.773 – 179.598 —
180.45200 – 180.92400 —
45.396970177197 – 55.091241529059 —
– —
182.00500 – 1763654400

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