USD/JPY – 30M – BUYThe currency pair US Dollar/Japanese Yen (USD/JPY) breaks through the ascending trendline upwards
A continuation of the upward movement up to the next resistance at 154.042 is certain.
Caution: A possible change in the direction of the support level at 152.677 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bullish chart signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 154.218448 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance line at 154.042 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Northern Doji’ candle chart pattern is existing. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The 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 | 159.223 |
| 2nd High | 154.875 |
| Next High | 154.042 |
| Current Price | 153.75800 |
| Next Low | 152.677 |
| 2nd Low | 152.277 |
| 3rd Low | 152.093 |
153.534 – 154.042 – 153.064 – 152.677 – 152.763 – 152.277 —
153.16700 – 153.77400 —
49.069192590182 – 65.346873944725 —
– —
153.53400 – 1769691600
Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji – Symmetrical Triangle Chart Pattern – – – – – – – –