EUR/JPY – 1H – BUY

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

A continuation of the bullish trend up to the next resistance level at 186.201 is likely expected.

Caution: A possible trend reversal in the direction of support at 185.192 could happen.
Consider stop-loss settings accordingly.

Additionally a ‘Three Outside Up’ candle chart pattern is found. The chart shows ‘Three Outside Up’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

185.552 – 185.468 – 185.568 – 185.192 – 184.653 – 185.048 —
185.84800 – 185.87900 —
66.235613940915 – 59.497358875963 —
– —
185.552 – 1781254800

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Outside Up – – – – – – – – –