EUR/JPY – 30M – BUY

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

The bullish trend upwards to the next resistance level at 184.439 is expected.

Caution: A possible trend reversal in the direction of the support level at 184.067 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘StochRSI %K line crosses above %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish chart scenario. The pair is likely to go up.

Besides a ‘RSI Hidden Bullish Divergence’ indicator signal is found. The indicator is ‘RSI Hidden Bullish Divergence’. which is often a bullish chart scenario. The pair is likely to go up.

Besides a ‘Bearish SBS White Lines’ candlestick chart pattern is detected. The candles show ‘Bearish SBS White Lines’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

184.439 – 185.084 – 185.859 – 184.067 – 183.749 – 184.849 —
184.41100 – 184.29400 —
55.846250599883 – 38.41072705532 —
– —
184.439 – 1783008000

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bearish SBS White Lines – – – – – – – – –