EUR/JPY – 30M – BUY

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

A bullish movement upwards to the next resistance level at 181.266 is likely expected.

Caution: A possible change in the direction of the support level at 180.751 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bullish chart signal. The currency pair is likely to rise.

Next a ‘Northern Doji’ chart pattern is discovered. The candles show ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

181.266 – 181.458 – 181.261 – 180.751 – 180.904 – 180.346 —
181.23200 – 181.29500 —
55.326190016538 – 56.709715174325 —
– —
181.26600 – 1764239400

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