USD/JPY – 30M – BUYThe pair US Dollar/Japanese Yen (USD/JPY) breaks through the ascending trendline upwards
A continuation of the uptrend up to the next resistance level at 158.876 is likely expected.
Caution: A possible change in the direction of the support level at 158.174 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Northern Doji’ chart pattern is detected. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 159.452 |
| Next High | 158.876 |
| Current Price | 158.73600 |
| Next Low | 158.174 |
| 2nd Low | 157.745 |
| 3rd Low | 157.466 |
158.53 – 158.254 – 158.297 – 158.174 – 157.745 – 157.855 —
158.72900 – 158.77600 —
70.477660950679 – 58.089484884006 —
– —
158.53000 – 1769031000
Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji – – – – – – – – –