USD/JPY – 30M – BUYThe currency pair US Dollar/Japanese Yen (USD/JPY) breaks through the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance level at 148.02500 is certain.
Caution: A possible trend reversal in the direction of the support line at 145.25200 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Northern Doji’ chart pattern is detected. The chart shows ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 148.64800 |
| 2nd High | 148.27200 |
| Next High | 148.02500 |
| Current Price | 146.10100 |
| Next Low | 145.25200 |
| 2nd Low | 145.11900 |
| 3rd Low | 144.73300 |
148.02500 – 145.48400 – 145.76600 – 145.25200 – 145.11900 – 144.73300
Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji