USD/JPY – 30M – BUYThe currency pair US Dollar/Japanese Yen (USD/JPY) breaks through the bullish trendline up.
A continuation of the upward movement up to the next resistance line at will continue.
Caution: A possible change in the direction of the support level at 154.33500 could be enabled.
Consider stop-loss settings accordingly.
Besides a ‘Three White Soldiers’ candlestick pattern is detected. The candles show ‘Three White Soldiers’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 156.21100 |
| Next Low | 154.33500 |
| 2nd Low | 153.40300 |
| 3rd Low | 152.13800 |