EUR/JPY – 1H – BUY

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

A bullish trend up to the next resistance at 185.367 is expected.

Caution: A possible change in the direction of the support level at 184.289 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

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

185.367 – 185.195 – 186.315 – 184.289 – 184.537 – 185.448 —
185.02100 – 184.48100 —
45.891718040385 – 34.199335120341 —
– —
185.367 – 1781820000

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