EUR/JPY – 1H – BUY

The pair Euro/Japanese Yen (EUR/JPY) goes from the bullish trendline down.

A bearish movement down to the next support level at 159.80200 is considered certain.

Caution: A possible change in the direction of the resistance zone at 164.75300 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 162.469 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance zone at 164.75300 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three White Soldiers’ candlestick chart pattern is detected. The chart shows ‘Three White Soldiers’. this is a bullish pattern 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’ going up is 82%.

Download EUR/JPY Signal Image

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three White Soldiers