EUR/JPY – 1H – BUY

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

A bullish trend up to the next resistance at 183.087 is considered certain.

Caution: A possible reversal of the trend in the direction of the support line at 182.112 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three White Soldiers’ chart pattern is found. The chart shows ‘Three White Soldiers’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.

183.087 – 183.123 – 183.223 – 182.112 – 182.372 – 182.024 —
182.87700 – 182.97500 —
52.377998284919 – 56.441020715838 —
– —
183.087 – 1772722800

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three White Soldiers – – – – – – – – –