EUR/JPY – 1H – BUY

Also there is a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bearish signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 180.132 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support line at 181.287 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Matching Low’ candlestick chart pattern is discovered. The chart forms ‘Matching Low’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

181.287 – 181.455 – 181.355 – 180.394 – 180.796 – 180.132 —
180.66300 – 180.72300 —
42.215864900306 – 41.432285613369 —
– —
181.28700 – 1764824400

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Matching Low – Double bottom chart pattern – – – – – – – –