USD/JPY – 30M – BUYThe combination US Dollar/Japanese Yen (USD/JPY) goes from the ascending trendline up.
A continuation of the uptrend upwards to the next resistance at 154.042 is considered certain.
Caution: A possible change in the direction of support at 152.763 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Latter Bottom’ candlestick pattern is detected. The chart shows ‘Latter Bottom’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Latter Bottom’ heading up is 56% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 159.223 |
| 2nd High | 154.875 |
| Next High | 154.042 |
| Current Price | 153.04900 |
| Next Low | 152.763 |
| 2nd Low | 152.277 |
| 3rd Low | 152.093 |
154.042 – 153.064 – 154.875 – 152.763 – 152.277 – 152.093 —
153.38900 – 153.07900 —
45.034118214185 – 45.929470102045 —
– —
154.04200 – 1769634000
Trading Signals: FOREX – USD – USD/JPY – JPY – Latter Bottom – – – – – – – – –