EUR/JPY – 30M – BUY

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

A bullish trend upwards to the next resistance line at 187.49 is certain.

Caution: A possible counter-trend in the direction of the support level at 187.1 could occur.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair could go up.

There is also a ‘Bullish Engulfing’ candlestick pattern is found. The chart forms ‘Bullish Engulfing’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ heading up is 63%.

187.49 – 187.471 – 187.535 – 187.1 – 187.184 – 187.079 —
187.66300 – 187.59900 —
62.353617910854 – 50.893062884091 —
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187.49 – 1776240000

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