USD/JPY – 30M – BUYThe currency pair US Dollar/Japanese Yen (USD/JPY) breaks through the bearish trendline upwards
A bullish movement upwards to the next resistance level at 157.17900 is certain.
Caution: A possible reversal of the trend in the direction of support at 156.88600 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three Outside Up’ candle chart pattern is found. The chart shows ‘Three Outside Up’. 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 likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 157.92300 |
| 2nd High | 157.39000 |
| Next High | 157.17900 |
| Current Price | 157.21300 |
| Next Low | 156.88600 |
| 2nd Low | 156.46100 |
| 3rd Low | 155.94900 |
Trading Signals: FOREX – USD – USD/JPY – JPY – Three Outside Up