USD/JPY – 4H – BUYThe combination US Dollar/Japanese Yen (USD/JPY) breaks through the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance at 154.798 will persist.
Caution: A possible change in the direction of the support zone at 153.61500 is also possible.
Consider stop-loss settings accordingly.
There is also a ‘Northern Doji’ candle chart pattern is detected. The candles show ‘Northern Doji’. 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 success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 156.749 |
| 2nd High | 155.88 |
| Next High | 154.798 |
| Current Price | 155.27900 |
| Next Low | 153.61500 |
| 2nd Low | 152.815 |
| 3rd Low | 151.537 |
154.482 – 154.444 – 153.254 – 153.61500 – 152.815 – 152.957 —
154.76100 – 155.30200 —
45.632488197048 – 61.901074565313 —
153.61500 – 1763121600 —
154.48200 – 1762214400
Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji – – – – –