The pair US Dollar/Japanese Yen (USD/JPY) goes from the ascending trendline up.
A continuation of the uptrend up to the next resistance level at will continue.
Caution: A possible reversal of the trend in the direction of the support level at 160.07200 could occur.
Consider stop-loss settings accordingly.
There is also a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a positive chart signal. The currency pair could go up.
There is also a ‘Three White Soldiers’ candlestick pattern is found. The chart shows ‘Three White Soldiers’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 160.53400 |
| Next Low | 160.07200 |
| 2nd Low | 159.472 |
| 3rd Low | 158.955 |
160.452 – 159.786 – 159.566 – 160.07200 – 159.472 – 158.955 —
160.20300 – 160.42300 —
47.319124563516 – 63.536331886587 —
160.07200 – 1777518000 —
160.452 – 1777505400
Trading Signals: FOREX – USD – USD/JPY – JPY – Three White Soldiers – – – – – – – – –