EUR/JPY – 1H – BUY

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

A continuation of the upward movement up to the next resistance line at 185.501 is certain.

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

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The pair is likely to go up.

Besides a ‘RSI Hidden Bullish Divergence’ indicator signal is found. The indicator is ‘RSI Hidden Bullish Divergence’. this is usually a bullish chart scenario. The pair is likely to go up.

Besides a ‘Three White Soldiers’ chart pattern is existing. The candles show ‘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 success rate of a ‘Three White Soldiers’ heading up is 82%.

185.501 – 184.276 – 183.739 – 184.675 – 183.336 – 183.184 —
185.00800 – 185.13800 —
38.852455705882 – 51.931810781239 —
– —
185.501 – 1770285600

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three White Soldiers – Double bottom chart pattern – – – – – – – –