USD/JPY – 30M – BUYThe combination US Dollar/Japanese Yen (USD/JPY) breaks through the bearish trendline up.
The bullish trend upwards to the next resistance level at 143.80000 will continue.
Caution: A possible reversal of the trend in the direction of the support line at could be enabled.
Consider stop-loss settings accordingly.
Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The currency pair is likely to rise.
Next a ‘Northern Doji’ candle pattern is existing. The chart forms ‘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 likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 144.50800 |
| 2nd High | 143.93100 |
| Next High | 143.80000 |
| Current Price | 143.75500 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
143.80000 – 143.93100 – 144.50800 – 143.31800 – 142.67800 – 143.43600
Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji –