USD/JPY – 30M – BUYThe pair US Dollar/Japanese Yen (USD/JPY) breaks through the bearish trendline up.
An ascending movement upwards to the next resistance line at 144.77000 will persist.
Caution: A possible trend reversal in the direction of the support level at could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Current target is 145.086 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance level at 144.77000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Three White Soldiers’ candlestick pattern is detected. The candles show ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 145.08600 |
| 2nd High | 144.94500 |
| Next High | 144.77000 |
| Current Price | 145.02200 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
144.77000 – 144.94500 – 145.08600 – 143.97200 – 143.41700 – 142.77300
Trading Signals: FOREX – USD – USD/JPY – JPY – Three White Soldiers