EUR/JPY – 1H – BUYThe pair Euro/Japanese Yen (EUR/JPY) breaks through the descending trendline upwards
A bullish ascent up to the next resistance at 186.232 will continue.
Caution: A possible reversal of the trend in the direction of the support zone at 184.861 is within the realm of possibility.
Consider stop-loss settings accordingly.
Besides a ‘Three White Soldiers’ candle pattern is found. The chart forms ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 186.869 |
| Next High | 186.232 |
| Current Price | 185.25600 |
| Next Low | 184.861 |
| 2nd Low | 184.353 |
| 3rd Low | 183.336 |
186.232 – 185.501 – 184.276 – 184.861 – 184.353 – 184.675 —
185.91000 – 184.94500 —
51.058885687095 – 34.705319077824 —
– —
186.232 – 1770598800
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three White Soldiers – Double top retreat up – – – – – – – –