USD/JPY – 30M – BUYThe combination US Dollar/Japanese Yen (USD/JPY) breaks through the bearish trendline upwards
A bullish ascent upwards to the next resistance level at 158.163 is likely expected.
Caution: A possible change in the direction of the support level at 157.422 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘MACD crosses above signal’ indicator signal is existing. The indicator is ‘MACD crosses above signal’. this is usually a bullish chart scenario. The currency pair could go up.
Also there is a ‘Northern Doji’ candle chart pattern is existing. The candles show ‘Northern Doji’. which is a positive pattern signal. The 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 | 158.7 |
| 2nd High | 158.263 |
| Next High | 158.163 |
| Current Price | 158.21200 |
| Next Low | 157.422 |
| 2nd Low | 157.367 |
| 3rd Low | 156.744 |
158.163 – 158.263 – 158.7 – 157.422 – 157.819 – 158.008 —
158.07100 – 158.09800 —
56.211775613071 – 51.948180065617 —
– —
158.16300 – 1768822200
Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji – – – – – – – – –