USD/JPY – 30M – BUYThe combination US Dollar/Japanese Yen (USD/JPY) goes from the bullish trendline upwards
A continuation of the upward movement up to the next resistance level at 147.72100 will continue.
Caution: A possible trend reversal in the direction of the support level at 146.98500 could happen.
Consider stop-loss settings accordingly.
There is also a ‘Northern Doji’ chart pattern is detected. The candles show ‘Northern Doji’. which is a positive 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 | 147.93700 |
| 2nd High | 147.90600 |
| Next High | 147.72100 |
| Current Price | 147.47800 |
| Next Low | 146.98500 |
| 2nd Low | 146.57300 |
| 3rd Low | 146.21100 |
147.72100 – 147.90600 – 147.93700 – 146.98500 – 147.09500 – 146.57300 — 48.523177773742 – 51.088661484281 — 74.762170291141 – 84.348017100083 – 77.10301166478 – 78.820905358139
Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji – – –