EUR/JPY – 30M – BUY

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

A bullish ascent up to the next resistance level at 184.421 is considered certain.

Caution: A possible trend reversal in the direction of the support line at 183.697 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive signal. The pair is likely to go up.

There is also a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a positive chart signal. The currency pair is likely to rise.

There is also a ‘Three Outside Up’ chart pattern is found. The candles form ‘Three Outside Up’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

184.421 – 184.493 – 184.768 – 183.697 – 183.82 – 183.196 —
183.87900 – 184.07700 —
36.738118252048 – 50.318348397246 —
– —
184.421 – 1772121600

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Outside Up – Head and Shoulder chart pattern – – – – – – – –