USD/JPY – 30M – BUYThe pair US Dollar/Japanese Yen (USD/JPY) breaks through the bearish trendline upwards
A bullish movement upwards to the next resistance at 143.93100 is expected.
Caution: A possible change in the direction of the support level at is also possible.
Consider stop-loss settings accordingly.
Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The pair is likely to go up.
Moreover a ‘Northern Doji’ candle pattern is detected. The candles form ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. 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 | 144.94500 |
| 2nd High | 144.50800 |
| Next High | 143.93100 |
| Current Price | 143.69000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
143.93100 – 144.50800 – 144.94500 – 142.67800 – 143.43600 – 143.77800
Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji –