EUR/JPY – 1H – BUY

The combination Euro/Japanese Yen (EUR/JPY) breaks through the ascending trendline up.

A continuation of the bullish trend upwards to the next resistance at 183.153 will continue.

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

And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive signal. The currency pair could go up.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend will continue. Current target is 183.153 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the resistance level at 183.153 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three White Soldiers’ candlestick pattern is detected. The chart forms ‘Three White Soldiers’. this is a bullish signal. 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 White Soldiers’ heading up is 82%.

183.153 – 182.539 – 181.787 – 182.218 – 182.008 – 180.816 —
182.86800 – 182.69400 —
50.807295176169 – 50.152418689508 —
– —
183.153 – 1771488000

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