USD/JPY – 30M – BUYThe pair US Dollar/Japanese Yen (USD/JPY) breaks through the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance at 147.51100 is certain.
Caution: A possible change in the direction of the support level at 146.21100 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Northern Doji’ candle chart pattern is existing. The candles show ‘Northern Doji’. which is a bullish chart scenario. 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 | 148.27200 |
| 2nd High | 148.02500 |
| Next High | 147.51100 |
| Current Price | 147.41200 |
| Next Low | 146.21100 |
| 2nd Low | 144.43000 |
| 3rd Low | 144.17900 |
147.51100 – 145.23100 – 143.92800 – 146.21100 – 144.43000 – 144.17900 — 70.64889458769 – 72.789009263284 — 87.073735320687 – 100 – 75.139265281542 – 86.782031014755
Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji – – –