EUR/JPY – 4H – BUY

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

An ascending movement up to the next resistance line at 182.294 is certain.

Caution: A possible trend reversal in the direction of the support level at 180.801 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Outside Up’ candle chart pattern is found. The chart forms ‘Three Outside Up’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

182.294 – 186.232 – 184.276 – 180.801 – 184.353 – 182.079 —
182.00400 – 181.74400 —
43.410080770953 – 45.54583498351 —
– —
182.294 – 1771243200

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