USD/JPY – 1H – BUYThe currency pair US Dollar/Japanese Yen (USD/JPY) breaks through the bearish trendline upwards
The bullish trend up to the next resistance level at 154.875 will persist.
Caution: A possible reversal of the trend in the direction of the support line at 152.093 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Bearish SBS White Lines’ candlestick chart pattern is detected. The candles show ‘Bearish SBS White Lines’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 159.452 |
| 2nd High | 159.223 |
| Next High | 154.875 |
| Current Price | 153.25700 |
| Next Low | 152.093 |
| 2nd Low | 151.862 |
| 3rd Low | 151.537 |
154.875 – 159.223 – 158.89 – 152.093 – 153.301 – 158.235 —
153.78400 – 153.41900 —
64.481736869966 – 47.667656080713 —
– —
154.87500 – 1769508000
Trading Signals: FOREX – USD – USD/JPY – JPY – Bearish SBS White Lines – – – – – – – – –