EUR/JPY – 4H – BUY

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

A continuation of the uptrend upwards to the next resistance level at 184.276 is likely expected.

Caution: A possible trend reversal in the direction of the support line at 182.079 could happen.
Consider stop-loss settings accordingly.

Furthermore a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 185.668704 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance line at 184.276 could happen.
Consider stop-loss settings accordingly.

Furthermore a ‘Three White Soldiers’ chart pattern is found. The chart shows ‘Three White Soldiers’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.

184.276 – 183.766 – 186.869 – 182.079 – 181.783 – 182.715 —
183.75000 – 184.18500 —
49.417217408778 – 59.495867808148 —
– —
184.276 – 1769990400

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