USD/JPY – 30M – BUYThe pair US Dollar/Japanese Yen (USD/JPY) jumps from the bullish trendline up.
A continuation of the bullish trend up to the next resistance level at 146.28300 is considered certain.
Caution: A possible reversal of the trend in the direction of the support line at 144.82100 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three White Soldiers’ candle chart pattern is existing. The chart forms ‘Three White Soldiers’. which is a bullish chart scenario. 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’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 148.27600 |
| 2nd High | 147.14000 |
| Next High | 146.28300 |
| Current Price | 147.57500 |
| 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