EUR/JPY – 1H – BUY

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

The bullish trend up to the next resistance at 183.261 will persist.

Caution: A possible trend reversal in the direction of the support line at is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The pair is likely to go up.

Additionally a ‘Three Outside Up’ candlestick pattern is found. The chart shows ‘Three Outside Up’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

183.261 – 183.087 – 183.123 – 182.367 – 182.112 – 182.372 —
183.16900 – 182.75800 —
61.477163240378 – 45.876365110478 —
– —
183.261 – 1772784000

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Outside Up – – – – – – – – –