EUR/JPY – 30M – BUY

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

An ascent upwards to the next resistance level at 187.105 will persist.

Caution: A possible change in the direction of support at 186.798 should always be considered.
Consider stop-loss settings accordingly.

Besides a ‘StochRSI Bullish Divergence’ indicator signal is discovered. The indicator shows ‘StochRSI Bullish Divergence’. Dieses ist oftmals ein bullisches chart scenario. Das Paar tendiert eventuell nach oben.

Besides a ‘Three Outside Up’ chart pattern is existing. The chart forms ‘Three Outside Up’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

187.105 – 186.874 – 186.747 – 186.798 – 186.693 – 186.553 —
186.79400 – 186.31700 —
23.490574799353 – 21.512758066574 —
– —
187.105 – 1777305600

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