EUR/JPY – 30M – BUY

The currency pair Euro/Japanese Yen (EUR/JPY) breaks through the ascending trendline upwards

A continuation of the upward movement upwards to the next resistance at 185.95200 will continue.

Caution: A possible counter-trend in the direction of the support level at 185.192 could be enabled.
Consider stop-loss settings accordingly.

Then a ‘Inverted Hammer’ candle pattern is discovered. The chart forms ‘Inverted Hammer’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Inverted Hammer’ going up is 65% (Bull Market).

185.95200 – 185.552 – 185.468 – 185.192 – 185.249 – 184.653 —
185.95200 – 185.87900 —
71.509779754557 – 55.328066341407 —
185.95200 – 1781510400 —
– 1781510400

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Inverted Hammer – – – – – – – – –