USD/JPY – 1H – BUYThe pair jumps from the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance level at 153.08900 is considered certain.
Caution: A possible change in the direction of the support line at 151.78900 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 153.87600 |
| 2nd High | 153.86400 |
| Next High | 153.08900 |
| Current Price | 152.17200 |
| Next Low | 151.78900 |
| 2nd Low | 151.78300 |
| 3rd Low | 151.45400 |