EUR/JPY – 30M – BUY

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

The bullish trend upwards to the next resistance level at 186.963 is expected.

Caution: A possible counter-trend in the direction of support at 186.436 is within the realm of possibility.
Consider stop-loss settings accordingly.

There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart scenario. The pair is likely to go up.

There is also a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a positive signal. The currency pair could go up.

There is also a ‘Bearish SBS White Lines’ candlestick pattern is found. The chart shows ‘Bearish SBS White Lines’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

186.747 – 186.963 – 187.32 – 186.436 – 186.413 – 186.429 —
186.70200 – 186.87400 —
54.527664768386 – 54.060244748081 —
– —
186.747 – 1777006800

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bearish SBS White Lines – – – – – – – – –