Buy EUR/JPY – 30M – BUY

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Current target is 183.133 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance level at 183.645 should be noted.
Consider stop-loss settings accordingly.

Then a ‘Three Outside Up’ candlestick chart pattern is existing. The candles show ‘Three Outside Up’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

Support & Resistance Price Range*
3rd High 183.97
2nd High 183.683
Next High 183.645
Current Price 182.87900
Next Low 182.29600
2nd Low
3rd Low

183.645 – 183.61 – 183.683 – 182.29600 – 183.253 – 183.215 —
182.67800 – 182.83800 —
19.150457743617 – 37.505269978324 —
182.29600 – 1773399600 —
183.645 – 1773387000

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