USD/JPY – 30M – BUYThe combination US Dollar/Japanese Yen (USD/JPY) breaks through the bearish trendline upwards
A bullish movement up to the next resistance level at 156.803 will continue.
Caution: A possible trend reversal in the direction of support at 156.16 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. this is usually a bullish chart signal. The currency pair could go up.
Also there is a ‘Northern Doji’ chart pattern is detected. The candles form ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 157.569 |
| 2nd High | 157.295 |
| Next High | 156.803 |
| Current Price | 156.54900 |
| Next Low | 156.16 |
| 2nd Low | 156.112 |
| 3rd Low | 155.918 |
156.803 – 156.746 – 156.791 – 156.16 – 156.112 – 156.696 —
156.37500 – 156.50100 —
32.174320163935 – 46.944533382766 —
– —
156.80300 – 1767751200
Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji – – – – – – – – –