EUR/JPY – 30M – BUY

The EUR/JPY 30-minute chart has fired a strong bullish signal with high probability (76%). The signal is driven by a combination of chart patterns (Double Bottom), trendline breaks (Trendline Break Up, Trendline Retreat Down), and multiple momentum indicators (BOP, CCI, MOM, ROC, ROCR) all confirming bullish momentum. The alignment across timeframes is predominantly bullish, with the 15-minute and 30-minute timeframes showing solid and forming trends, respectively. The nearest resistance is at 186.73300, while support is at 186.04300. The confluence of patterns and indicators suggests a potential continuation of the bullish move, but traders should watch for resistance levels and any signs of reversal.

Key levels to monitor include the resistance at 186.73300 and support at 186.04300. A break above resistance could open the path to higher targets, while a drop below support would invalidate the bullish setup. The strong trend scores on lower timeframes support the bullish case, but higher timeframes show choppy sideways action, indicating that the trend may not be fully established yet.