USD/JPY – 30M – BUYCorrection of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Current target is 150.704 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 150.52800 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Three White Soldiers’ candlestick chart pattern is detected. The candles form ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 154.21600 |
| 2nd High | 151.94800 |
| Next High | 150.52800 |
| Current Price | 150.38300 |
| Next Low | 149.46000 |
| 2nd Low | 149.08300 |
| 3rd Low | 148.86600 |
Trading Signals: FOREX – USD – USD/JPY – JPY – Three White Soldiers