The pair moves from the ascending trendline up.
A continuation of the upward movement up to the next resistance level at 153.86400 is expected.
Caution: A possible change in the direction of the support zone at 151.78300 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 152.8295 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance zone at 153.86400 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
Support & Resistance |
Price Range* |
3rd High |
|
2nd High |
153.87600 |
Next High |
153.86400 |
Current Price |
152.69700 |
Next Low |
151.78300 |
2nd Low |
151.69400 |
3rd Low |
151.45400 |
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Trading Signals: FOREX – USD – USD/JPY – JPY