EUR/JPY – 1H – BUY

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

A bullish ascent upwards to the next resistance line at 185.035 is expected.

Caution: A possible reversal of the trend in the direction of the support zone at 183.787 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

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

Furthermore a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bullish signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 185.035 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of resistance at 185.035 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

184.234 – 183.9 – 185.035 – 183.787 – 182.039 – 183.16 —
184.11500 – 184.19900 —
54.353390388523 – 57.327727427633 —
– —
184.234 – 1778184000

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