USD/JPY – 30M – BUYThe currency pair US Dollar/Japanese Yen (USD/JPY) goes from the ascending trendline upwards
A continuation of the bullish trend up to the next resistance at 156.176 is likely expected.
Caution: A possible reversal of the trend in the direction of the support zone at 155.735 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Northern Doji’ chart pattern is detected. The chart forms ‘Northern Doji’. this is a bullish pattern 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 | 156.577 |
| 2nd High | 156.387 |
| Next High | 156.176 |
| Current Price | 156.48000 |
| Next Low | 155.735 |
| 2nd Low | 155.387 |
| 3rd Low | 154.899 |
155.984 – 155.378 – 155.226 – 155.735 – 155.387 – 154.899 —
156.43000 – 156.29000 —
69.698286890205 – 61.117128722799 —
– —
155.98400 – 1765215000
Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji – – – – – – – – –