USD/JPY – 30M – BUYThe combination US Dollar/Japanese Yen (USD/JPY) breaks through the ascending trendline upwards
A continuation of the upward movement up to the next resistance line at 148.775 will continue.
Caution: A possible counter-trend in the direction of support at 147.877 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bullish chart signal. The currency pair is likely to rise.
Also there is a ‘Northern Doji’ candle pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 150.924 |
| 2nd High | 150.485 |
| Next High | 148.775 |
| Current Price | 148.73700 |
| Next Low | 147.877 |
| 2nd Low | 146.761 |
| 3rd Low | 146.659 |
148.413 – 147.107 – 147.4 – 147.877 – 146.761 – 146.659 — 64.015875535995 – 73.581231854721 — 86.482171367749 – 90.382422261081 – 79.636246906071 – 85.80889868809
Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji – – –