USD/JPY – 30M – BUYThe currency pair US Dollar/Japanese Yen (USD/JPY) breaks through the descending trendline upwards
An ascending movement upwards to the next resistance line at 156.798 is considered certain.
Caution: A possible counter-trend in the direction of the support line at 156.361 could occur.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Bullish Belt Hold’ candlestick pattern is detected. The candles show ‘Bullish Belt Hold’. 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 probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 157.295 |
| 2nd High | 156.803 |
| Next High | 156.798 |
| Current Price | 156.79200 |
| Next Low | 156.361 |
| 2nd Low | 156.293 |
| 3rd Low | 156.16 |
156.798 – 156.803 – 156.746 – 156.361 – 156.293 – 156.16 —
156.75600 – 156.78300 —
62.26313223178 – 63.078938921304 —
– —
156.79800 – 1767808800
Trading Signals: FOREX – USD – USD/JPY – JPY – Bullish Belt Hold – – – – – – – – –