USD/JPY – 30M – BUYThe currency pair US Dollar/Japanese Yen (USD/JPY) breaks through the descending trendline upwards
A bullish trend upwards to the next resistance at 143.99700 is certain.
Caution: A possible change in the direction of the support zone at 143.44100 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Three White Soldiers’ candle chart pattern is discovered. The candles show ‘Three White Soldiers’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 144.42200 |
| 2nd High | 144.27200 |
| Next High | 143.99700 |
| Current Price | 144.24000 |
| Next Low | 143.44100 |
| 2nd Low | 142.90100 |
| 3rd Low | 142.82600 |
143.99700 – 143.45200 – 143.30900 – 143.44100 – 142.90100 – 142.82600
Trading Signals: FOREX – USD – USD/JPY – JPY – Three White Soldiers