EUR/JPY – 30M – BUY

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

An ascent up to the next resistance line at 184.234 is expected.

Caution: A possible counter-trend in the direction of the support level at 183.787 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Three Outside Up’ candle chart pattern is discovered. The candles form ‘Three Outside Up’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

184.234 – 184.163 – 183.882 – 183.787 – 183.91 – 183.487 —
184.11800 – 184.10400 —
54.068383572899 – 54.72582034901 —
– —
184.234 – 1778184000

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Outside Up – Rising Wedge Chart Pattern – – – – – – – –