EUR/JPY – 30M – BUY

Besides a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which is often a bullish chart signal. The currency pair is likely to rise.

Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Current target is 185.2925 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of resistance at 185.995 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Three Outside Up’ candle chart pattern is existing. The chart forms ‘Three Outside Up’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

185.995 – 185.939 – 186.232 – 185.307 – 184.861 – 184.353 —
185.66200 – 184.89100 —
38.865755734643 – 23.890461869915 —
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185.995 – 1770690600

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Outside Up – – – – – – – – –