USD/JPY – 4H – BUYThe pair US Dollar/Japanese Yen (USD/JPY) breaks through the bearish trendline upwards
An ascending movement upwards to the next resistance at 144.02700 is likely expected.
Caution: A possible trend reversal in the direction of support at should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Furthermore a ‘Three White Soldiers’ candle pattern is discovered. The chart shows ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to rise. 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 | 150.48500 |
| 2nd High | 148.27600 |
| Next High | 144.02700 |
| Current Price | 144.21600 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
144.02700 – 148.27600 – 148.14700 – 141.96400 – 139.88400 – 141.61000
Trading Signals: FOREX – USD – USD/JPY – JPY – Three White Soldiers