And also a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Target of the current trend is 155.658 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance level at 154.875 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three Outside Up’ candle chart pattern is discovered. The candles show ‘Three Outside Up’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 159.452 |
| 2nd High | 159.223 |
| Next High | 154.875 |
| Current Price | 153.81400 |
| Next Low | 152.277 |
| 2nd Low | 152.093 |
| 3rd Low | 151.862 |
153.064 – 154.875 – 159.223 – 152.277 – 152.093 – 154.084 —
152.99100 – 153.66500 —
52.065905490328 – 64.671341691306 —
– —
153.06400 – 1769572800
Trading Signals: FOREX – USD – USD/JPY – JPY – Three Outside Up – – – – – – – – –