Buy EUR/JPY – 30M – BUY

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

A continuation of the uptrend up to the next resistance line at 159.02900 is considered certain.

Caution: A possible counter-trend in the direction of the support level at 157.55500 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Three White Soldiers’ candle chart pattern is detected. The chart forms ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.

Support & Resistance Price Range*
3rd High 159.97600
2nd High 159.38600
Next High 159.02900
Current Price 159.19800
Next Low 157.55500
2nd Low 156.97900
3rd Low 156.17400

Download EUR/JPY Signal Image

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