EUR/JPY – 1H – BUY

The currency pair Euro/Japanese Yen (EUR/JPY) moves from the ascending trendline up.

A continuation of the upward movement up to the next resistance line at 184.768 is expected.

Caution: A possible counter-trend in the direction of the support level at 183.196 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a positive signal. The currency pair is likely to rise.

Also there is a ‘Three Outside Up’ candlestick pattern is discovered. The candles show ‘Three Outside Up’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

184.768 – 184.181 – 182.806 – 183.196 – 181.988 – 182.169 —
184.72900 – 184.42700 —
69.139531774052 – 49.766396971668 —
– —
184.768 – 1772053200

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Outside Up – – – – – – – – –