USD/JPY – 30M – BUYThe combination US Dollar/Japanese Yen (USD/JPY) breaks through the bearish trendline upwards
The bullish trend upwards to the next resistance level at 151.94800 will continue.
Caution: A possible reversal of the trend in the direction of the support line at 151.40100 could be enabled.
Consider stop-loss settings accordingly.
Besides a ‘Three White Soldiers’ candle pattern is existing. The candles show ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 154.48600 |
| 2nd High | 154.21600 |
| Next High | 151.94800 |
| Current Price | 150.09400 |
| Next Low | 151.40100 |
| 2nd Low | 150.45300 |
| 3rd Low | 149.08300 |
Trading Signals: FOREX – USD – USD/JPY – JPY – Three White Soldiers