USD/JPY – 30M – BUYThe combination US Dollar/Japanese Yen (USD/JPY) breaks through the bearish trendline up.
A bullish trend up to the next resistance at 156.803 is expected.
Caution: A possible trend reversal in the direction of the support line at is within the realm of possibility.
Consider stop-loss settings accordingly.
Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish signal. The pair is likely to go up.
Furthermore a ‘Northern Doji’ candle chart pattern is detected. 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’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 157.569 |
| 2nd High | 157.295 |
| Next High | 156.803 |
| Current Price | 156.65800 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
156.803 – 156.746 – 156.791 – 156.36100 – 156.293 – 156.16 —
156.46100 – 156.73100 —
40.84036359544 – 53.768925194839 —
156.36100 – 1767799800 —
156.80300 – 1767751200
Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji – – – – – – – – –