USD/JPY – 1H – BUYThe currency pair US Dollar/Japanese Yen (USD/JPY) breaks through the bullish trendline up.
A continuation of the uptrend upwards to the next resistance line at 155.37300 will persist.
Caution: A possible trend reversal in the direction of support at 153.615 is also possible.
Consider stop-loss settings accordingly.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The currency pair could go up.
In addition a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The currency pair could go up.
In addition a ‘Northern Doji’ chart pattern is found. The chart forms ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 155.37300 |
| Current Price | 155.22900 |
| Next Low | 153.615 |
| 2nd Low | 153.005 |
| 3rd Low | 152.815 |
155.37300 – 154.761 – 154.742 – 153.615 – 153.663 – 153.888 —
155.37300 – 155.21200 —
67.789574120078 – 48.300140915418 —
155.37300 – 1763431200 —
– 1763431200
Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji – – – – –