EUR/JPY – 1H – BUY

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

A bullish ascent up to the next resistance level at 183.24600 will continue.

Caution: A possible counter-trend in the direction of support at 182.707 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘MACD crosses above signal’ indicator layout is detected. The indicator is ‘MACD crosses above signal’. which could be a positive chart scenario. The currency pair is likely to rise.

Furthermore a ‘Bullish Engulfing’ candle pattern is existing. The candles form ‘Bullish Engulfing’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ going up is 63%.

183.24600 – 183.23 – 183.643 – 182.707 – 182.807 – 183.709 —
183.24600 – 183.03700 —
57.156526626733 – 50.474880214793 —
183.24600 – 1767844800 —
– 1767844800

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bullish Engulfing – – – – – – – – –