USD/JPY – 4H – BUYThe currency pair US Dollar/Japanese Yen (USD/JPY) breaks through the bearish trendline upwards
A bullish ascent up to the next resistance at 157.656 is likely expected.
Caution: A possible reversal of the trend in the direction of the support zone at 152.265 could be enabled.
Consider stop-loss settings accordingly.
Additionally a ‘Three White Soldiers’ candle pattern is found. The chart shows ‘Three White Soldiers’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 159.452 |
| 2nd High | 159.223 |
| Next High | 157.656 |
| Current Price | 155.49500 |
| Next Low | 152.265 |
| 2nd Low | 152.093 |
| 3rd Low | 151.537 |
157.656 – 157.334 – 159.223 – 152.265 – 152.093 – 157.422 —
154.86700 – 155.31000 —
66.689863936557 – 65.074459059721 —
– —
157.656 – 1770595200
Trading Signals: FOREX – USD – USD/JPY – JPY – Three White Soldiers – Double bottom chart pattern – – – – – – – –