USD/JPY – 30M – BUYThe currency pair US Dollar/Japanese Yen (USD/JPY) breaks through the descending trendline upwards
A bullish movement upwards to the next resistance line at 158.263 is considered certain.
Caution: A possible trend reversal in the direction of the support zone at 157.422 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘%K crosses above %D’ indicator signal is detected. The indicator is ‘%K crosses above %D’. which could be a positive chart signal. The currency pair is likely to rise.
Moreover a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Moreover a ‘Northern Doji’ candlestick chart pattern is found. The chart shows ‘Northern Doji’. this is a bullish chart scenario. 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 | 158.876 |
| 2nd High | 158.7 |
| Next High | 158.263 |
| Current Price | 158.07500 |
| Next Low | 157.422 |
| 2nd Low | 157.367 |
| 3rd Low | 156.744 |
158.263 – 158.7 – 158.876 – 157.422 – 157.819 – 158.008 —
157.94300 – 157.91900 —
46.566932006661 – 46.490465709343 —
– —
158.26300 – 1768584600
Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji – – – – – – – – –