USD/JPY – 30M – BUYThe combination US Dollar/Japanese Yen (USD/JPY) jumps from the bearish trendline upwards
A bullish movement up to the next resistance at 154.21600 is expected.
Caution: A possible reversal of the trend in the direction of the support zone at 150.60100 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Three White Soldiers’ candlestick pattern is existing. The chart forms ‘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 likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 154.72000 |
| 2nd High | 154.48600 |
| Next High | 154.21600 |
| Current Price | 150.85400 |
| Next Low | 150.60100 |
| 2nd Low | 150.49100 |
| 3rd Low | 149.08300 |
Trading Signals: FOREX – USD – USD/JPY – JPY – Three White Soldiers