EUR/JPY – 4H – BUY

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 reversal of the trend in the direction of the resistance zone at 187.554 could occur.
Consider stop-loss settings accordingly.

Then a ‘Bullish Engulfing’ candlestick pattern is discovered. The chart forms ‘Bullish Engulfing’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.

187.554 – 187.105 – 187.361 – 182.282 – 186.065 – 186.413 —
184.67000 – 183.86600 —
49.12990683636 – 41.537777289609 —
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187.554 – 1777536000

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bullish Engulfing – – – – – – – – –