Buy USD/JPY – 30M – BUY

The currency pair US Dollar/Japanese Yen (USD/JPY) breaks through the descending trendline up.

An ascent upwards to the next resistance line at 158.28200 is expected.

Caution: A possible reversal of the trend in the direction of the support zone at 157.57400 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three White Soldiers’ candle chart pattern is detected. The candles form ‘Three White Soldiers’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.

Support & Resistance Price Range*
3rd High 158.54900
2nd High 158.51800
Next High 158.28200
Current Price 158.22100
Next Low 157.57400
2nd Low 157.37200
3rd Low 156.23700

Download USD/JPY Signal Image

Trading Signals:

Forex and Crypto Live Trading Signals - MyLiveSignals