EUR/JPY – 1H – BUY

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

An ascending movement upwards to the next resistance line at 186.963 is likely expected.

Caution: A possible reversal of the trend in the direction of the support zone at 186.552 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three White Soldiers’ candle chart pattern is detected. The chart forms ‘Three White Soldiers’. which is a positive chart scenario. The currency 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%.

186.963 – 187.32 – 187.361 – 186.552 – 186.987 – 186.285 —
186.63200 – 186.68300 —
43.132821618799 – 48.817255618655 —
– —
186.963 – 1776938400

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