EUR/JPY – 30M – BUY

The pair Euro/Japanese Yen (EUR/JPY) goes from the bullish trendline down.

A descending movement down to the next support at 163.01700 is likely expected.

Caution: A possible trend reversal in the direction of resistance at 163.62600 is also possible.
Consider stop-loss settings accordingly.

Then a ‘Bullish Meeting Lines’ chart pattern is existing. The chart shows ‘Bullish Meeting Lines’. this 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 ‘Bullish Meeting Lines’ going up is 56% (Bull Market) & 52% (Bear Market).

Download EUR/JPY Signal Image

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bullish Meeting Lines