EUR/JPY – 30M – BUY

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 163.626 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance line at 163.62600 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Line Strike – Bullish’ candlestick chart pattern is found. The chart forms ‘Three Line Strike – Bullish’. this 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 ‘Three Line Strike – Bullish’ going up is 83% (Bear Market).

Download EUR/JPY Signal Image

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Line Strike – Bullish