USD/JPY – 30M – BUYThe pair US Dollar/Japanese Yen (USD/JPY) breaks through the bearish trendline up.
A bullish movement upwards to the next resistance level at 144.53400 is certain.
Caution: A possible trend reversal in the direction of the support level at 143.74900 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Northern Doji’ candlestick chart pattern is discovered. The candles show ‘Northern Doji’. which is a bullish signal. 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 | 148.02500 |
| 2nd High | 145.94700 |
| Next High | 144.53400 |
| Current Price | 144.36800 |
| Next Low | 143.74900 |
| 2nd Low | 143.64800 |
| 3rd Low | 142.79100 |
144.53400 – 145.94700 – 148.02500 – 143.74900 – 144.60600 – 144.50900
Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji –