USD/JPY – 30M – BUYThe pair breaks through the bearish trendline up.
The bullish trend upwards to the next resistance line at 153.94900 is likely expected.
Caution: A possible trend reversal in the direction of the support zone at 152.13800 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Three White Soldiers’ candle chart pattern is existing. The chart forms ‘Three White Soldiers’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 154.70900 |
| Next High | 153.94900 |
| Current Price | 153.95900 |
| Next Low | 152.13800 |
| 2nd Low | 151.28200 |
| 3rd Low | 150.60100 |