EUR/JPY – 4H – BUY

Besides a ‘MACD crosses above signal’ indicator signal is found. The indicator is ‘MACD crosses above signal’. which could be a positive chart 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 likely expected. Target of the current trend is 185.115 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 187.554 should always be considered.
Consider stop-loss settings accordingly.

Besides a ‘Bearish SBS White Lines’ chart pattern is discovered. The chart shows ‘Bearish SBS White Lines’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

187.554 – 187.105 – 187.361 – 182.282 – 186.065 – 186.413 —
184.17500 – 184.02300 —
33.69988814672 – 32.410861585509 —
– —
187.554 – 1777536000

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