EUR/JPY – 1H – BUY

The combination Euro/Japanese Yen (EUR/JPY) breaks through the bearish trendline upwards

An ascending movement up to the next resistance at 186.874 is expected.

Caution: A possible counter-trend in the direction of the support zone at 186.413 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The currency pair could go up.

In addition a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which could be a positive chart signal. The currency pair could go up.

In addition a ‘Bearish SBS White Lines’ candlestick pattern is existing. The chart shows ‘Bearish SBS White Lines’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

186.874 – 186.963 – 187.32 – 186.413 – 186.552 – 186.987 —
186.84900 – 186.83200 —
57.392817926791 – 52.818633808461 —
– —
186.874 – 1777039200

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bearish SBS White Lines – – – – – – – – –