USD/JPY – 30M – BUYThe combination US Dollar/Japanese Yen (USD/JPY) breaks through the bearish trendline upwards
An ascent up to the next resistance level at 147.72100 is likely expected.
Caution: A possible counter-trend in the direction of the support line at could occur.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart signal. The currency pair could go up.
Moreover a ‘Northern Doji’ candle chart pattern is found. The candles show ‘Northern Doji’. this is a bullish signal. The 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 | 147.93700 |
| 2nd High | 147.90600 |
| Next High | 147.72100 |
| Current Price | 147.68900 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
147.72100 – 147.90600 – 147.93700 – 147.09800 – 146.98500 – 147.09500 — 58.946440179189 – 63.706993395919 — 100 – 100 – 100 – 100
Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji – – –