USD/JPY – 4H – BUYThe combination US Dollar/Japanese Yen (USD/JPY) moves from the ascending trendline down.
A descent downwards to the next support level at 149.35800 will persist.
Caution: A possible change in the direction of resistance at 154.47600 could occur.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three White Soldiers’ candle chart pattern is detected. The candles show ‘Three White Soldiers’. which is a bullish 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’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 156.74500 |
| 2nd High | 155.88500 |
| Next High | 154.47600 |
| Current Price | 154.00000 |
| Next Low | 149.35800 |
| 2nd Low | 148.64200 |
| 3rd Low | 147.34100 |
Trading Signals: FOREX – USD – USD/JPY – JPY – Three White Soldiers