USD/JPY – 30M – BUYThe currency pair US Dollar/Japanese Yen (USD/JPY) goes from the bearish trendline up.
The bullish trend up to the next resistance at 150.23500 is expected.
Caution: A possible trend reversal in the direction of the support zone at 149.07700 could occur.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Current target is 149.47112 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of resistance at 150.23500 could occur.
Consider stop-loss settings accordingly.
There is also a ‘Three White Soldiers’ candlestick chart pattern is detected. The candles form ‘Three White Soldiers’. this is a bullish pattern 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’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 151.94800 |
| 2nd High | 150.74700 |
| Next High | 150.23500 |
| Current Price | 149.51200 |
| Next Low | 149.07700 |
| 2nd Low | 148.86600 |
| 3rd Low | 148.84600 |
Trading Signals: FOREX – USD – USD/JPY – JPY – Three White Soldiers