EUR/JPY – 30M – BUY

The currency pair Euro/Japanese Yen (EUR/JPY) jumps from the bullish trendline downwards

A descending movement down to the next support level at 163.01700 is certain.

Caution: A possible change in the direction of the resistance line at 163.62600 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Bullish Meeting Lines’ candle chart pattern is detected. The chart forms ‘Bullish Meeting Lines’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Meeting Lines’ going up is 56% (Bull Market) & 52% (Bear Market).

Download EUR/JPY Signal Image

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bullish Meeting Lines