Buy USD/JPY – 30M – BUY

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 154.8165 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of resistance at 155.042 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three White Soldiers’ candlestick pattern is existing. The candles form ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.

Support & Resistance Price Range*
3rd High 156.29
2nd High 155.638
Next High 155.042
Current Price 154.63800
Next Low 153.995
2nd Low 153.549
3rd Low 153.063

155.042 – 155.638 – 155.281 – 153.995 – 154.944 – 154.826 —
154.70200 – 154.33500 —
47.006687122386 – 38.493445628056 —
– —
155.042 – 1771855200

Trading Signals:

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