USD/JPY – 30M – BUYThe combination US Dollar/Japanese Yen (USD/JPY) breaks through the ascending trendline up.
A continuation of the bullish trend up to the next resistance line at 154.042 will continue.
Caution: A possible reversal of the trend in the direction of support at 152.86300 should always be considered.
Consider stop-loss settings accordingly.
In addition a ‘Three White Soldiers’ candlestick pattern is discovered. The chart shows ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 159.223 |
| 2nd High | 154.875 |
| Next High | 154.042 |
| Current Price | 153.94700 |
| Next Low | 152.86300 |
| 2nd Low | 152.677 |
| 3rd Low | 152.277 |
153.534 – 154.042 – 153.064 – 152.86300 – 152.677 – 152.763 —
153.03500 – 153.97500 —
41.625890761488 – 69.560217985919 —
152.86300 – 1769734800 —
153.53400 – 1769691600
Trading Signals: FOREX – USD – USD/JPY – JPY – Three White Soldiers – – – – – – – – –