EUR/JPY – 1H – BUY

The combination Euro/Japanese Yen (EUR/JPY) breaks through the bullish trendline up.

A continuation of the upward movement up to the next resistance level at 185.859 is certain.

Caution: A possible trend reversal in the direction of the support level at 183.93 is within the realm of possibility.
Consider stop-loss settings accordingly.

Next a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The currency pair is likely to rise.

Next a ‘Three Outside Up’ candlestick chart pattern is discovered. The chart shows ‘Three Outside Up’. this is a bullish pattern signal. 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).

184.564 – 185.084 – 185.859 – 183.93 – 183.749 – 184.849 —
185.36500 – 185.41600 —
79.066268956962 – 66.659955842787 —
– —
184.564 – 1783065600

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