EUR/JPY – 4H – BUY

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

A continuation of the uptrend up to the next resistance at 185.568 will persist.

Caution: A possible trend reversal in the direction of the support level at 184.653 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Bullish Belt Hold’ candlestick chart pattern is found. The chart forms ‘Bullish Belt Hold’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

185.568 – 186.201 – 186.2 – 184.653 – 183.986 – 185.118 —
185.38300 – 185.86200 —
52.009750150165 – 60.948204013233 —
– —
185.568 – 1781107200

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