USD/JPY – 30M – BUYThe pair US Dollar/Japanese Yen (USD/JPY) breaks through the bearish trendline up.
The bullish trend up to the next resistance line at 143.15200 is certain.
Caution: A possible reversal of the trend in the direction of support at 142.50600 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Northern Doji’ chart pattern is existing. The candles show ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. 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 | 144.02700 |
| 2nd High | 143.89300 |
| Next High | 143.15200 |
| Current Price | 143.01500 |
| Next Low | 142.50600 |
| 2nd Low | 142.16000 |
| 3rd Low | 141.96400 |
143.15200 – 142.75600 – 143.89300 – 142.50600 – 142.16000 – 141.96400
Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji