EUR/JPY – 30M – BUY

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

An ascent up to the next resistance level at 184.451 is certain.

Caution: A possible counter-trend in the direction of the support level at 182.637 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘MACD crosses above signal’ indicator layout is detected. The indicator shows ‘MACD crosses above signal’. this is usually a bullish chart signal. The pair is likely to go up.

In addition a ‘Three Outside Up’ candlestick pattern is existing. The candles show ‘Three Outside Up’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

184.451 – 184.583 – 187.554 – 182.637 – 182.282 – 187.039 —
184.16500 – 184.05200 —
46.497166326124 – 46.609556991613 —
– —
184.451 – 1777656600

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