EUR/JPY – 30M – BUY

The pair Euro/Japanese Yen (EUR/JPY) goes from the ascending trendline upwards

A continuation of the upward movement up to the next resistance level at 180.018 will persist.

Caution: A possible change in the direction of support at 179.598 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The pair is likely to go up.

Moreover a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair could go up.

Moreover a ‘Bullish Engulfing’ candle chart pattern is detected. The candles form ‘Bullish Engulfing’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ heading up is 63%.

180.018 – 180.014 – 179.714 – 179.598 – 179.346 – 179.26 —
179.85400 – 179.87300 —
51.136229825266 – 50.71832329192 —
– —
180.01800 – 1763431200

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bullish Engulfing – – – – –