USD/JPY – 30M – BUYThe combination US Dollar/Japanese Yen (USD/JPY) breaks through the bullish trendline up.
A continuation of the uptrend upwards to the next resistance line at 143.99700 will persist.
Caution: A possible counter-trend in the direction of the support level at 142.90100 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Northern Doji’ candlestick chart pattern is existing. The candles show ‘Northern Doji’. this 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 chance of ‘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 | 143.99700 |
| Current Price | 143.91600 |
| Next Low | 142.90100 |
| 2nd Low | 142.82600 |
| 3rd Low | 142.35400 |
143.99700 – 143.45200 – 143.30900 – 142.90100 – 142.82600 – 142.35400
Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji