EUR/JPY – 30M – BUY

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

An ascent up to the next resistance level at 183.319 is considered certain.

Caution: A possible change in the direction of the support line at 182.652 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘StochOSC Hidden Bullish Divergence’ indicator signal is found. The indicator shows ‘StochOSC Hidden Bullish Divergence’. Dieses ist oftmals ein bullisches chart scenario. Das Paar wird voraussichtlich nach oben gehen.

Besides a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The currency pair is likely to rise.

Besides a ‘Bearish SBS White Lines’ candlestick chart pattern is detected. The chart shows ‘Bearish SBS White Lines’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

183.319 – 183.384 – 183.261 – 182.652 – 182.398 – 182.367 —
183.35700 – 183.41300 —
57.787199557552 – 52.393011552536 —
– —
183.319 – 1773048600

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bearish SBS White Lines – Symmetrical Triangle Chart Pattern – – – – – – – –