EUR/JPY – 30M – BUY

The combination Euro/Japanese Yen (EUR/JPY) jumps from the descending trendline up.

A bullish trend upwards to the next resistance at 185.501 will continue.

Caution: A possible reversal of the trend in the direction of the support line at 184.552 could be enabled.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart signal. The currency pair is likely to rise.

In addition a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a positive chart scenario. The pair is likely to go up.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 185.121578 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 185.501 could be enabled.
Consider stop-loss settings accordingly.

In addition a ‘Three Outside Up’ candle pattern is existing. 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’ going up is 75% (Bull Market) & 74% (Bear Market).

185.501 – 185.277 – 185.241 – 184.552 – 184.691 – 184.675 —
185.07400 – 184.69900 —
41.608545510355 – 26.826043823212 —
– —
185.501 – 1770285600

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Outside Up – Double bottom retreat down – – – – – – – –