EUR/JPY – 4H – BUY

The combination Euro/Japanese Yen (EUR/JPY) moves from the bullish trendline upwards

A continuation of the uptrend up to the next resistance level at 164.75300 is likely expected.

Caution: A possible change in the direction of the support level at 158.64400 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 163.13403 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the resistance level at 164.75300 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three White Soldiers’ candlestick pattern is found. The chart forms ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to rise. 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