EUR/JPY – 30M – BUY

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

An ascent upwards to the next resistance line at 185.035 will continue.

Caution: A possible change in the direction of support at 182.039 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The currency pair is likely to rise.

In addition a ‘Bullish Belt Hold’ candle chart pattern is discovered. The candles form ‘Bullish Belt Hold’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

185.035 – 184.031 – 184.402 – 182.039 – 184.508 – 183.661 —
183.78900 – 183.74100 —
47.073548065691 – 48.139178363061 —
– —
185.035 – 1778047200

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bullish Belt Hold – – – – – – – – –