USD/JPY – 1H – BUYThe currency pair US Dollar/Japanese Yen (USD/JPY) breaks through the ascending trendline up.
A continuation of the uptrend up to the next resistance level at 155.728 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 154.813 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Northern Doji’ candle chart pattern is found. The chart shows ‘Northern Doji’. 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 probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 155.975 |
| 2nd High | 155.88 |
| Next High | 155.728 |
| Current Price | 155.63400 |
| Next Low | 154.813 |
| 2nd Low | 153.615 |
| 3rd Low | 153.005 |
155.728 – 155.373 – 154.761 – 154.813 – 153.615 – 153.663 —
155.58700 – 155.45800 —
61.213816858641 – 55.747308883139 —
– —
155.72800 – 1763496000
Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji – Symmetrical Triangle Chart Pattern – – – –