EUR/JPY – 30M – BUY

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

A bullish ascent upwards to the next resistance at 187.82 will persist.

Caution: A possible counter-trend in the direction of support at 186.31 could be enabled.
Consider stop-loss settings accordingly.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Target of the current trend is 187.129 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 187.82 could be enabled.
Consider stop-loss settings accordingly.

Moreover a ‘Three White Soldiers’ chart pattern is discovered. The chart forms ‘Three White Soldiers’. 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 likelyhood of ‘Three White Soldiers’ going up is 82%.

187.82 – 187.948 – 187.537 – 186.31 – 187.401 – 187.263 —
186.66300 – 186.68100 —
30.888650193526 – 42.938276265152 —
– —
187.82 – 1776436200

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