USD/JPY – 4H – BUYThe currency pair US Dollar/Japanese Yen (USD/JPY) breaks through the bearish trendline upwards
The bullish trend upwards to the next resistance at 148.02500 will persist.
Caution: A possible change in the direction of the support zone at 142.79100 could occur.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Northern Doji’ candlestick pattern is existing. The candles form ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. 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 | 148.64800 |
| Next High | 148.02500 |
| Current Price | 143.72100 |
| Next Low | 142.79100 |
| 2nd Low | 142.52800 |
| 3rd Low | 142.37500 |
148.02500 – 145.46400 – 144.39000 – 143.74900 – 144.32200 – 142.79100
Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji –