EUR/JPY – 30M – BUY

The currency pair Euro/Japanese Yen (EUR/JPY) breaks through the bullish trendline upwards

A continuation of the uptrend upwards to the next resistance line at 183.004 will persist.

Caution: A possible reversal of the trend in the direction of the support level at 181.409 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘StochRSI %K crosses above 0.2’ indicator layout is discovered. The indicator shows ‘StochRSI %K crosses above 0.2’. this is usually a bullish chart signal. The currency pair is likely to rise.

Next a ‘Bullish Belt Hold’ candle pattern is detected. The candles form ‘Bullish Belt Hold’. 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 ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

182.539 – 182.004 – 181.787 – 181.409 – 180.816 – 181.695 —
182.95600 – 182.91100 —
72.331347999656 – 58.222225536107 —
– —
182.539 – 1771435800

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bullish Belt Hold – – – – – – – – –