EUR/JPY – 1H – BUY

Also there is a ‘StochRSI %K line crosses above %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Current target is 187.1165 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 187.32 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Outside Up’ chart pattern is found. The candles form ‘Three Outside Up’. this is a bullish pattern signal. The currency 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).

187.32 – 187.361 – 187.329 – 186.987 – 186.285 – 187.096 —
186.88900 – 186.66400 —
36.427292610778 – 33.616063802038 —
– —
187.32 – 1776859200

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