USD/JPY – 30M – BUYThe currency pair US Dollar/Japanese Yen (USD/JPY) breaks through the ascending trendline upwards
A continuation of the upward movement up to the next resistance line at 159.234 will continue.
Caution: A possible trend reversal in the direction of the support level at 158.566 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Three White Soldiers’ candlestick pattern is found. The candles form ‘Three White Soldiers’. this is a bullish chart scenario. The currency pair is likely to go up. 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 | |
| 2nd High | 159.452 |
| Next High | 159.234 |
| Current Price | 159.39800 |
| Next Low | 158.566 |
| 2nd Low | 157.86 |
| 3rd Low | 157.397 |
159.234 – 158.97 – 158.391 – 158.566 – 157.86 – 157.397 —
159.13600 – 159.34200 —
62.978330999056 – 69.444260862318 —
– —
159.234 – 1773284400
Trading Signals: FOREX – USD – USD/JPY – JPY – Three White Soldiers – – – – – – – – –