USD/JPY – 30M – BUYThe pair US Dollar/Japanese Yen (USD/JPY) breaks through the bearish trendline upwards
A bullish trend up to the next resistance line at 156.803 is expected.
Caution: A possible counter-trend in the direction of the support level at 156.293 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish signal. The currency pair could go up.
And also a ‘RSI Hidden Bullish Divergence’ indicator layout is discovered. The indicator is ‘RSI Hidden Bullish Divergence’. which is often a bullish signal. The currency pair could go up.
And also a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which is often a bullish signal. The currency pair is likely to rise.
And also a ‘Northern Doji’ chart pattern is discovered. The candles form ‘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 success rate of a ‘Northern Doji’ heading 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 | 156.67900 |
| Next Low | 156.293 |
| 2nd Low | 156.16 |
| 3rd Low | 156.112 |
156.803 – 156.746 – 156.791 – 156.293 – 156.16 – 156.112 —
156.56700 – 156.55000 —
52.391608116251 – 42.273291534215 —
– —
156.80300 – 1767751200
Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji – – – – – – – – –