EUR/JPY – 30M – BUYThe pair Euro/Japanese Yen (EUR/JPY) breaks through the bullish trendline upwards
A continuation of the upward movement up to the next resistance line at 160.25400 is certain.
Caution: A possible reversal of the trend in the direction of the support line at 159.63400 could occur.
Consider stop-loss settings accordingly.
There is also a ‘Three White Soldiers’ candle pattern is existing. The candles form ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 160.68900 |
| 2nd High | 160.54100 |
| Next High | 160.25400 |
| Current Price | 160.88200 |
| Next Low | 159.63400 |
| 2nd Low | 159.10300 |
| 3rd Low | 158.64400 |
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three White Soldiers