USD/JPY – 30M – BUYThe pair US Dollar/Japanese Yen (USD/JPY) goes from the bullish trendline upwards
A continuation of the upward movement up to the next resistance level at 158.202 is certain.
Caution: A possible counter-trend in the direction of the support level at is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The currency pair could go up.
Next a ‘MACD crosses above signal’ indicator signal is discovered. The indicator shows ‘MACD crosses above signal’. which is often a bullish chart signal. The currency pair could go up.
Next a ‘Northern Doji’ candlestick chart pattern is found. The candles form ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 158.875 |
| Next High | 158.202 |
| Current Price | 157.98500 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
158.202 – 158.184 – 157.069 – 157.669 – 157.514 – 157.367 —
157.89900 – 157.89400 —
49.891816007098 – 45.273322437691 —
– —
158.20200 – 1768183200
Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji – – – – – – – – –