EUR/JPY – 30M – BUY

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

A continuation of the uptrend up to the next resistance at 185.552 will continue.

Caution: A possible change in the direction of the support level at 185.249 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The pair is likely to go up.

Besides a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a positive signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Target of the current trend is 185.568 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance level at 185.552 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Northern Doji’ candle chart pattern is discovered. The candles show ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

185.552 – 185.468 – 185.433 – 185.249 – 184.653 – 185.048 —
185.46200 – 185.46900 —
54.233484244671 – 54.168341757771 —
– —
185.552 – 1781256600

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