EUR/JPY – 1H – BUY

In addition a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bullish signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Current target is 185.944648 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance zone at 186.2 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Three Outside Up’ chart pattern is existing. The candles show ‘Three Outside Up’. which is a positive signal. The currency pair is likely to rise. 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).

186.2 – 185.977 – 185.978 – 185.118 – 185.795 – 185.386 —
185.73800 – 185.62900 —
43.954415071013 – 43.766324854417 —
– —
186.2 – 1780412400

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Outside Up – – – – – – – – –