USD/JPY – 30M – BUYThe combination breaks through the ascending trendline up.
A continuation of the upward movement upwards to the next resistance level at will continue.
Caution: A possible counter-trend in the direction of the support zone at 154.50400 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Target of the current trend is 154.921 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance level at is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Three White Soldiers’ candle pattern is discovered. The candles show ‘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 chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 154.99400 |
| Next Low | 154.50400 |
| 2nd Low | 153.40300 |
| 3rd Low | 152.13800 |