USD/JPY – 30M – BUYThe combination US Dollar/Japanese Yen (USD/JPY) breaks through the bearish trendline upwards
An ascending movement up to the next resistance level at 143.99700 is expected.
Caution: A possible reversal of the trend in the direction of support at 142.90100 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is expected. Target of the current trend is 144.272 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 143.99700 could happen.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Bearish Harami Cross’ candlestick chart pattern is found. The chart forms ‘Bearish Harami Cross’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Harami Cross’ heading down is 57% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 144.42200 |
| 2nd High | 144.27200 |
| Next High | 143.99700 |
| Current Price | 143.92000 |
| 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 – Bearish Harami Cross