USD/JPY – 30M – BUYThe currency pair US Dollar/Japanese Yen (USD/JPY) breaks through the bearish trendline upwards
A bullish movement up to the next resistance at 147.641 is expected.
Caution: A possible reversal of the trend in the direction of the support zone at 146.984 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a positive chart signal. The pair is likely to go up.
In addition a ‘Bullish Belt Hold’ candlestick pattern is detected. The candles show ‘Bullish Belt Hold’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 148.574 |
| 2nd High | 147.877 |
| Next High | 147.641 |
| Current Price | 147.45300 |
| Next Low | 146.984 |
| 2nd Low | 146.304 |
| 3rd Low | 146.211 |
147.641 – 147.583 – 147.57 – 146.984 – 147.244 – 146.304 — 49.022446062498 – 55.674247034382 — 42.907598635863 – 35.051171551386 – 51.45669401565 – 42.106798933408
Trading Signals: FOREX – USD – USD/JPY – JPY – Bullish Belt Hold – – –