EUR/JPY – 30M – BUY

The currency pair Euro/Japanese Yen (EUR/JPY) breaks through the bearish trendline upwards

The bullish trend upwards to the next resistance line at 183.261 will persist.

Caution: A possible change in the direction of the support zone at 182.355 could occur.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The currency pair could go up.

Moreover a ‘MACD crosses above signal’ indicator layout is detected. The indicator shows ‘MACD crosses above signal’. this is usually a bullish signal. The currency pair could go up.

Moreover a ‘RSI Hidden Bullish Divergence’ indicator layout is detected. The indicator shows ‘RSI Hidden Bullish Divergence’. this is usually a bullish signal. The currency pair could go up.

Moreover a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. this is usually a bullish signal. The currency pair could go up.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Target of the current trend is 183.015114 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the resistance line at 183.261 could occur.
Consider stop-loss settings accordingly.

Moreover a ‘Three Outside Up’ candlestick chart pattern is detected. The chart forms ‘Three Outside Up’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

183.261 – 183.087 – 183.123 – 182.355 – 182.112 – 182.472 —
182.71600 – 182.71200 —
37.542799425911 – 39.797537645332 —
– —
183.261 – 1772785800

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Outside Up – Symmetrical Triangle Chart Pattern – – – – – – – –