EUR/JPY – 30M – BUYThe currency pair Euro/Japanese Yen (EUR/JPY) breaks through the bearish trendline upwards
A bullish movement up to the next resistance at 163.80500 is certain.
Caution: A possible change in the direction of the support level at 162.83600 is within the realm of possibility.
Consider stop-loss settings accordingly.
Then a ‘Three White Soldiers’ candlestick pattern is detected. The candles show ‘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%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 164.86400 |
| 2nd High | 164.54500 |
| Next High | 163.80500 |
| Current Price | 163.40600 |
| Next Low | 162.83600 |
| 2nd Low | 162.60100 |
| 3rd Low | 162.48800 |
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three White Soldiers