EUR/JPY – 1H – BUY

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

A continuation of the upward movement upwards to the next resistance at 180.288 is certain.

Caution: A possible reversal of the trend in the direction of the support level at 179.598 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘MACD crosses above signal’ indicator layout is existing. The indicator is ‘MACD crosses above signal’. this is usually a bullish chart scenario. The currency pair could go up.

Furthermore a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The currency pair could go up.

Furthermore a ‘Three Outside Up’ chart pattern is existing. The candles form ‘Three Outside Up’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

180.288 – 180.018 – 179.968 – 179.598 – 178.97 – 177.733 —
180.13800 – 180.26600 —
54.496805356967 – 56.272874267497 —
– —
180.28800 – 1763496000

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Outside Up – Double bottom chart pattern – – – –