EUR/JPY – 1H – BUY

Additionally a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Current target is 185.813 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance zone at 186.315 could occur.
Consider stop-loss settings accordingly.

Additionally a ‘Bullish Tri-Star’ candlestick chart pattern is existing. The chart forms ‘Bullish Tri-Star’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Tri-Star’ heading up is 60% (Bull Market) & 55% (Bear Market).

185.617 – 185.49 – 185.465 – 185.207 – 184.763 – 184.321 —
185.44300 – 185.97400 —
56.289315412857 – 71.296235004574 —
– —
185.617 – 1784102400

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bullish Tri-Star – – – – – – – – –