USD/JPY – 4H – BUYThe combination US Dollar/Japanese Yen (USD/JPY) breaks through the bearish trendline upwards
An ascent up to the next resistance line at 155.88500 will persist.
Caution: A possible change in the direction of the support line at 149.35800 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Three White Soldiers’ chart pattern is detected. The candles show ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to rise. 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 | |
| 2nd High | 156.74500 |
| Next High | 155.88500 |
| Current Price | 152.81800 |
| Next Low | 149.35800 |
| 2nd Low | 148.64200 |
| 3rd Low | 147.34100 |
Trading Signals: FOREX – USD – USD/JPY – JPY – Three White Soldiers