Buy USD/JPY – 30M – BUY

The pair US Dollar/Japanese Yen (USD/JPY) goes from the descending trendline down.

A continuation of the bearish trend downwards to the next support at 142.35400 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 143.30900 could happen.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Northern Doji’ chart pattern is found. The chart forms ‘Northern Doji’. which 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 ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

Support & Resistance Price Range*
3rd High 144.42200
2nd High 144.27200
Next High 143.30900
Current Price 143.10300
Next Low 142.35400
2nd Low 142.35100
3rd Low 142.16000

143.30900 – 144.27200 – 144.23100 – 142.35400 – 142.35100 – 143.55400

Download USD/JPY Signal Image

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