EUR/JPY – 1H – BUY

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

A continuation of the upward movement up to the next resistance at 185.501 is considered certain.

Caution: A possible counter-trend in the direction of support at 184.353 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Bearish SBS White Lines’ candlestick pattern is existing. The candles show ‘Bearish SBS White Lines’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

185.501 – 184.276 – 183.739 – 184.353 – 184.675 – 183.336 —
185.70500 – 185.63700 —
70.48677483042 – 45.159757595073 —
– —
185.501 – 1770285600

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bearish SBS White Lines – Double bottom retreat down – – – – – – – –