USD/JPY – 30M – BUYThe pair US Dollar/Japanese Yen (USD/JPY) breaks through the descending trendline up.
A bullish trend up to the next resistance at 158.263 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 157.422 could occur.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The currency pair could go up.
In addition a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.
In addition a ‘Northern Doji’ candlestick pattern is discovered. The candles form ‘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 probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 158.876 |
| 2nd High | 158.7 |
| Next High | 158.263 |
| Current Price | 158.03700 |
| Next Low | 157.422 |
| 2nd Low | 157.367 |
| 3rd Low | 156.744 |
158.263 – 158.7 – 158.876 – 157.422 – 157.819 – 158.008 —
157.92100 – 157.91500 —
51.888533354713 – 47.810216892743 —
– —
158.26300 – 1768584600
Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji – – – – – – – – –