EUR/JPY – 1H – BUY

The combination Euro/Japanese Yen (EUR/JPY) moves from the descending trendline upwards

An ascending movement upwards to the next resistance at 182.806 will persist.

Caution: A possible reversal of the trend in the direction of support at 182.169 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘StochRSI %K line crosses above %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The currency pair could go up.

There is also a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bullish signal. The currency pair could go up.

There is also a ‘Latter Bottom’ candle pattern is detected. The chart shows ‘Latter Bottom’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Latter Bottom’ heading up is 56% (Bull Market) & 51% (Bear Market).

182.806 – 183.096 – 183.153 – 182.169 – 182.218 – 182.008 —
182.62000 – 182.43300 —
44.899148659215 – 45.217128084964 —
– —
182.806 – 1771844400

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Latter Bottom – – – – – – – – –