Bullish bias in USDJPY
USDJPY
USDJPY last printed 158.14 on the hourly chart. The trend is the latest 48 closes, through the current bar. Over that period price moved -0.12 %.
History turned up 29 similar trends that did not overlap. 19 closed bullish 20 hours later and 10 closed bearish. 66 % closed higher, a bullish bias strong enough for a note.
The average advance on the bullish closes was 0.34 %. The average decline on the bearish closes was -0.38 %. Across the whole set, the average move 20 hours later was 0.09 %.
29 prior trends is a broad history. The bias describes where price already closed. It does not set the next bar.
The numbers
| Symbol | Last | 48h move | Setups | Bullish | Bearish | Avg. next 20h |
|---|---|---|---|---|---|---|
| USDJPY | 158.14 | -0.12 % | 29 | 19 | 10 | 0.09 % |
This is not financial advice. It is an indicator based on statistics from historical data.