EUR/JPY – 30M – BUY

The currency pair Euro/Japanese Yen (EUR/JPY) moves from the bullish trendline upwards

A continuation of the bullish trend upwards to the next resistance line at 184.073 is considered certain.

Caution: A possible change in the direction of the support level at 183.403 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The currency pair is likely to rise.

And also a ‘Bullish Engulfing’ chart pattern is existing. The candles show ‘Bullish Engulfing’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.

184.073 – 183.761 – 183.63 – 183.403 – 183.053 – 182.652 —
184.07200 – 184.00300 —
77.519855936651 – 51.550788170582 —
– —
184.073 – 1773205200

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