USD/JPY – 30M – BUYThe pair US Dollar/Japanese Yen (USD/JPY) breaks through the bearish trendline upwards
The bullish trend upwards to the next resistance at 150.74700 will persist.
Caution: A possible trend reversal in the direction of the support level at 148.64200 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend will persist. Target of the current trend is 150.747 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of resistance at 150.74700 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Three White Soldiers’ candlestick pattern is discovered. The chart shows ‘Three White Soldiers’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 154.21600 |
| 2nd High | 151.94800 |
| Next High | 150.74700 |
| Current Price | 150.40100 |
| Next Low | 148.64200 |
| 2nd Low | 148.39700 |
| 3rd Low | 148.23700 |
Trading Signals: FOREX – USD – USD/JPY – JPY – Three White Soldiers