Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 154.875 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of resistance at 154.875 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Three White Soldiers’ candle chart pattern is existing. The candles show ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 159.452 |
| 2nd High | 159.223 |
| Next High | 154.875 |
| Current Price | 154.44100 |
| Next Low | 153.704 |
| 2nd Low | 152.863 |
| 3rd Low | 152.677 |
153.534 – 154.042 – 153.064 – 153.704 – 152.863 – 152.677 —
154.09800 – 154.39200 —
59.941316421947 – 59.483795396455 —
– —
153.53400 – 1769691600
Trading Signals: FOREX – USD – USD/JPY – JPY – Three White Soldiers – – – – – – – – –