EUR/JPY – 1H – BUYThe combination Euro/Japanese Yen (EUR/JPY) breaks through the bearish trendline up.
A bullish trend up to the next resistance level at 164.65100 is expected.
Caution: A possible change in the direction of the support zone at 163.23800 could occur.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Three White Soldiers’ candlestick chart pattern is existing. The chart shows ‘Three White Soldiers’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 166.11100 |
| 2nd High | 166.09600 |
| Next High | 164.65100 |
| Current Price | 164.33500 |
| Next Low | 163.23800 |
| 2nd Low | 163.20300 |
| 3rd Low | 162.77200 |