EUR/JPY – 30M – BUY

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

A continuation of the uptrend upwards to the next resistance at is expected.

Caution: A possible reversal of the trend in the direction of the support line at 184.802 could occur.
Consider stop-loss settings accordingly.

Additionally a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The currency pair is likely to rise.

Additionally a ‘Northern Doji’ candlestick pattern is detected. The chart shows ‘Northern Doji’. which is a bullish chart scenario. 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).

186.012 – 185.762 – 185.436 – 184.802 – 184.818 – 183.767 —
185.99300 – 186.10300 —
65.455399845165 – 69.708374720809 —
– —
186.01200 – 1769097600

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