USD/JPY – 1H – BUYThe currency pair breaks through the descending trendline upwards
An ascent up to the next resistance line at 153.94900 is expected.
Caution: A possible counter-trend in the direction of the support level at 152.13800 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Three White Soldiers’ candle pattern is discovered. The candles form ‘Three White Soldiers’. signal. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ 82%
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 154.70900 |
| Next High | 153.94900 |
| Current Price | 154.10400 |
| Next Low | 152.13800 |
| 2nd Low | 151.28200 |
| 3rd Low | 150.60100 |