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 line at 150.12800 is considered certain.
Caution: A possible change in the direction of the support level at 149.68900 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Three White Soldiers’ chart pattern is detected. The chart shows ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 150.77000 |
| 2nd High | 150.69700 |
| Next High | 150.12800 |
| Current Price | 150.15800 |
| Next Low | 149.68900 |
| 2nd Low | 149.35800 |
| 3rd Low | 148.64200 |
Trading Signals: FOREX – USD – USD/JPY – JPY – Three White Soldiers