EUR/JPY – 30M – BUY

The pair Euro/Japanese Yen (EUR/JPY) breaks through the descending trendline up.

A bullish trend up to the next resistance line at 185.536 will persist.

Caution: A possible trend reversal in the direction of the support line at 184.802 could be enabled.
Consider stop-loss settings accordingly.

And also a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The currency pair is likely to rise.

And also a ‘Bullish Engulfing’ chart pattern is discovered. The candles show ‘Bullish Engulfing’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ heading up is 63%.

185.436 – 185.438 – 185.536 – 184.802 – 184.818 – 183.767 —
184.98000 – 185.55900 —
41.564142420149 – 68.630110282666 —
– —
185.43600 – 1769013000

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