EUR/JPY – 30M – BUY

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

The bullish trend upwards to the next resistance line at 184.492 will continue.

Caution: A possible counter-trend in the direction of support at 183.924 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘StochRSI %K line crosses above %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The currency pair could go up.

Furthermore a ‘Three Outside Up’ candlestick pattern is found. The candles show ‘Three Outside Up’. 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 ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

184.492 – 184.234 – 184.163 – 183.924 – 183.787 – 183.91 —
184.42200 – 184.47700 —
59.064741455801 – 58.445274552941 —
– —
184.492 – 1778247000

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Outside Up – – – – – – – – –