EUR/JPY – 30M – BUY

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. The currency pair could go up.

Moreover a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bullish signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Current target is 184.583 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance zone at 187.554 could happen.
Consider stop-loss settings accordingly.

Moreover a ‘Three Outside Up’ candle pattern is detected. The chart forms ‘Three Outside Up’. which is a positive pattern 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).

184.031 – 184.402 – 184.451 – 183.661 – 183.16 – 182.788 —
184.51400 – 184.59800 —
76.903274005539 – 70.846366042511 —
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184.031 – 1777908600

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