EUR/JPY – 30M – BUY

The combination Euro/Japanese Yen (EUR/JPY) jumps from the ascending trendline up.

A continuation of the bullish trend up to the next resistance line at 180.018 is considered certain.

Caution: A possible reversal of the trend in the direction of the support level at 179.598 could happen.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair is likely to fall.

In addition a ‘%K crosses below %D’ indicator signal is existing. The indicator is ‘%K crosses below %D’. this is usually a bearish chart signal. The currency pair is likely to fall.

In addition a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The currency pair is likely to rise.

In addition a ‘Bullish Belt Hold’ candlestick pattern is found. The chart shows ‘Bullish Belt Hold’. 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 chance of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

180.018 – 180.014 – 179.714 – 179.598 – 179.346 – 179.26 —
179.92400 – 179.95000 —
50.086654834036 – 53.818010193382 —
– —
180.01800 – 1763431200

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bullish Belt Hold – Double bottom chart pattern – – – –