USD/JPY – 30M – BUYAnd also a ‘Falling Wedge Chart Pattern’ chart layout is detected. The chart picture forms ‘Falling Wedge Chart Pattern’. which is a positive chart scenario. The currency pair is likely to go up.
The pair US Dollar/Japanese Yen (USD/JPY) breaks through the bearish trendline up.
A bullish trend upwards to the next resistance line at 145.15800 will continue.
Caution: A possible trend reversal in the direction of support at 144.65000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bullish chart signal. The pair is likely to go up.
And also a ‘Northern Doji’ chart pattern is found. The candles show ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 146.28400 |
| 2nd High | 145.28700 |
| Next High | 145.15800 |
| Current Price | 145.11200 |
| Next Low | 144.65000 |
| 2nd Low | 144.44000 |
| 3rd Low | 144.42200 |
145.15800 – 145.04400 – 145.28700 – 144.65000 – 144.44000 – 144.42200
Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji