USD/JPY – 30M – BUYAlso there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The currency pair is likely to rise.
Also there is a ‘Inverted Hammer’ chart pattern is discovered. The chart forms ‘Inverted Hammer’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Inverted Hammer’ going up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 159.223 |
| 2nd High | 154.875 |
| Next High | 154.042 |
| Current Price | 153.31900 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
154.042 – 153.064 – 154.875 – 152.763 – 152.277 – 152.093 —
153.22300 – 153.41700 —
46.382717746096 – 55.983363141027 —
– —
154.04200 – 1769634000
Trading Signals: FOREX – USD – USD/JPY – JPY – Inverted Hammer – – – – – – – – –