EUR/JPY – 4H – BUY

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 184.939482 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of resistance at 185.568 is within the realm of possibility.
Consider stop-loss settings accordingly.

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

185.568 – 184.422 – 184.918 – 182.631 – 182.807 – 183.412 —
183.80800 – 184.13700 —
35.814882144323 – 51.617927975457 —
– —
185.56800 – 1768377600

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