USD/JPY – 30M – BUYAnd also a ‘Double top retreat up’ chart layout is found. The formation shows ‘Double top retreat up’. which is a positive signal. The pair is likely to go up.
The pair US Dollar/Japanese Yen (USD/JPY) goes from the bearish trendline up.
A bullish ascent upwards to the next resistance line at 143.93100 is likely expected.
Caution: A possible change in the direction of support at 142.79100 could happen.
Consider stop-loss settings accordingly.
And also a ‘Northern Doji’ candle chart pattern is found. The candles form ‘Northern Doji’. 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 likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 144.94500 |
| 2nd High | 144.50800 |
| Next High | 143.93100 |
| Current Price | 143.43700 |
| Next Low | 142.79100 |
| 2nd Low | 142.77300 |
| 3rd Low | 142.52800 |
143.93100 – 144.50800 – 144.94500 – 143.43600 – 143.77800 – 144.17200
Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji – Double top retreat up