USD/JPY – 30M – BUYThe currency pair US Dollar/Japanese Yen (USD/JPY) breaks through the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance at 153.96900 is certain.
Caution: A possible change in the direction of support at 153.43900 is within the realm of possibility.
Consider stop-loss settings accordingly.
Also there is a ‘Three White Soldiers’ chart pattern is detected. The candles show ‘Three White Soldiers’. which is a positive pattern signal. The currency 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 | 154.48600 |
| 2nd High | 154.21600 |
| Next High | 153.96900 |
| Current Price | 154.30000 |
| Next Low | 153.43900 |
| 2nd Low | 153.32100 |
| 3rd Low | 151.79600 |
Trading Signals: FOREX – USD – USD/JPY – JPY – Three White Soldiers