Buy USD/JPY – 1H – BUY

The combination US Dollar/Japanese Yen (USD/JPY) goes from the bullish trendline upwards

A continuation of the bullish trend up to the next resistance level at 145.92000 is certain.

Caution: A possible trend reversal in the direction of the support level at 143.53600 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Bullish Belt Hold’ candle pattern is detected. The candles form ‘Bullish Belt Hold’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

Support & Resistance Price Range*
3rd High 150.48500
2nd High 148.27600
Next High 145.92000
Current Price 144.00000
Next Low 143.53600
2nd Low 141.96400
3rd Low 139.88400

145.92000 – 143.15200 – 142.75600 – 143.53600 – 143.72700 – 141.96400

Download USD/JPY Signal Image

Trading Signals:

Forex and Crypto Live Trading Signals - MyLiveSignals