USD/JPY – 30M – BUYThe currency pair US Dollar/Japanese Yen (USD/JPY) goes from the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance level at 144.02700 is certain.
Caution: A possible reversal of the trend in the direction of support at 143.22100 could be enabled.
Consider stop-loss settings accordingly.
Additionally a ‘Northern Doji’ candlestick chart pattern is found. The chart shows ‘Northern Doji’. which is a positive chart scenario. 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 | 144.20100 |
| 2nd High | 144.07800 |
| Next High | 144.02700 |
| Current Price | 143.73300 |
| Next Low | 143.22100 |
| 2nd Low | 142.27500 |
| 3rd Low | 141.52600 |
144.02700 – 143.84800 – 143.57400 – 143.22100 – 142.27500 – 141.52600
Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji