The pair US Dollar/Japanese Yen (USD/JPY) breaks through the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance at 160.721 will continue.
Caution: A possible counter-trend in the direction of support at 156.564 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘StochRSI %K line crosses above %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart signal. The pair is likely to go up.
Then a ‘StochOSC Hidden Bullish Divergence’ indicator signal is found. The indicator is ‘StochOSC Hidden Bullish Divergence’. this is usually a bullish chart signal. The pair is likely to go up.
Then a ‘Three White Soldiers’ chart pattern is found. The candles show ‘Three White Soldiers’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 160.721 |
| Current Price | 157.67700 |
| Next Low | 156.564 |
| 2nd Low | 155.495 |
| 3rd Low | 154.217 |
157.299 – 157.201 – 157.245 – 156.564 – 155.495 – 156.302 —
157.26900 – 157.63500 —
52.130113603422 – 70.096976718758 —
– —
157.299 – 1777921200
Trading Signals: FOREX – USD – USD/JPY – JPY – Three White Soldiers – – – – – – – – –