USD/JPY – 1H – BUYThe currency pair US Dollar/Japanese Yen (USD/JPY) breaks through the bullish trendline up.
A continuation of the upward movement upwards to the next resistance line at 157.965 is certain.
Caution: A possible reversal of the trend in the direction of the support zone at 157.386 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three White Soldiers’ candlestick pattern is found. The chart forms ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to go up. 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 | 159.452 |
| 2nd High | 159.223 |
| Next High | 157.965 |
| Current Price | 158.40200 |
| Next Low | 157.386 |
| 2nd Low | 157.375 |
| 3rd Low | 156.449 |
157.847 – 157.965 – 157.75 – 157.386 – 157.375 – 156.449 —
157.77000 – 158.08400 —
48.17579784642 – 62.202353973639 —
– —
157.847 – 1772744400
Trading Signals: FOREX – USD – USD/JPY – JPY – Three White Soldiers – – – – – – – – –