EUR/JPY – 1H – BUY

And also a ‘Double bottom chart pattern’ chart formation is found. The chart picture shows ‘Double bottom chart pattern’. which is a bullish signal. The pair is likely to go up.

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

A bullish ascent upwards to the next resistance at 185.501 is expected.

Caution: A possible trend reversal in the direction of the support zone at 184.353 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Bullish Belt Hold’ chart pattern is detected. The chart forms ‘Bullish Belt Hold’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

185.501 – 184.276 – 183.739 – 184.353 – 184.675 – 183.336 —
184.99200 – 185.47200 —
53.087558028998 – 65.708938601656 —
– —
185.501 – 1770285600

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