Bullish bias in USDJPY
USDJPY
USDJPY last printed 158.30 on the hourly chart. The trend is the latest 48 closes, through the current bar. Over that period price moved 0.01 %.
History turned up 10 similar trends that did not overlap. 9 closed bullish 20 hours later and 1 closed bearish. 90 % closed higher, a bullish bias strong enough for a note.
The average advance on the bullish closes was 0.30 %. The average decline on the bearish closes was -0.65 %. Across the whole set, the average move 20 hours later was 0.20 %.
10 prior trends is a thin history. The bullish bias is visible, and it still describes only those cases.
The numbers
| Symbol | Last | 48h move | Setups | Bullish | Bearish | Avg. next 20h |
|---|---|---|---|---|---|---|
| USDJPY | 158.30 | 0.01 % | 10 | 9 | 1 | 0.20 % |
This is not financial advice. It is an indicator based on statistics from historical data.