USD/JPY – 30M – BUYThe combination US Dollar/Japanese Yen (USD/JPY) moves from the ascending trendline upwards
A continuation of the bullish trend up to the next resistance level at 154.48600 is certain.
Caution: A possible reversal of the trend in the direction of support at 153.62400 should be noted.
Consider stop-loss settings accordingly.
Additionally a ‘Three White Soldiers’ candlestick pattern is existing. The chart forms ‘Three White Soldiers’. which is a bullish signal. The currency 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’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 155.02100 |
| 2nd High | 154.72000 |
| Next High | 154.48600 |
| Current Price | 154.05000 |
| Next Low | 153.62400 |
| 2nd Low | 153.54600 |
| 3rd Low | 153.27500 |
Trading Signals: FOREX – USD – USD/JPY – JPY – Three White Soldiers