USD/JPY – 30M – BUYThe currency pair US Dollar/Japanese Yen (USD/JPY) breaks through the bearish trendline upwards
A bullish movement upwards to the next resistance level at 160.227 will continue.
Caution: A possible reversal of the trend in the direction of support at could happen.
Consider stop-loss settings accordingly.
Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart signal. The currency pair could go up.
Furthermore a ‘Three Outside Up’ candle chart pattern is existing. The candles show ‘Three Outside Up’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 160.372 |
| 2nd High | 160.337 |
| Next High | 160.227 |
| Current Price | 160.26400 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
160.227 – 160.337 – 160.372 – 159.731 – 159.95 – 159.538 —
160.15700 – 160.20300 —
52.365440059041 – 57.328452145843 —
– —
160.227 – 1781499600
Trading Signals: FOREX – USD – USD/JPY – JPY – Three Outside Up – – – – – – – – –