USD/JPY – 30M – BUYThe currency pair US Dollar/Japanese Yen (USD/JPY) breaks through the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance level at 148.27600 is certain.
Caution: A possible change in the direction of the support line at 144.82100 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is certain. Current target is 146.283 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance zone at 148.27600 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Three White Soldiers’ candlestick chart pattern is discovered. The candles form ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
Moreover a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bullish chart scenario. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 150.92400 |
| 2nd High | 150.48500 |
| Next High | 148.27600 |
| Current Price | 147.91600 |
| Next Low | 144.82100 |
| 2nd Low | 144.43100 |
| 3rd Low | 143.44100 |
146.28300 – 146.18500 – 143.99700 – 144.82100 – 144.43100 – 143.44100
Trading Signals: FOREX – USD – USD/JPY – JPY – Three White Soldiers