Bullish bias in USDJPY
USDJPY
USDJPY last printed 158.13 on the hourly chart. The trend is the latest 48 closes, through the current bar. Over that period price moved -0.14 %.
History turned up 28 similar trends that did not overlap. 20 closed bullish 20 hours later and 8 closed bearish. 71 % closed higher, a bullish bias strong enough for a note.
The average advance on the bullish closes was 0.24 %. The average decline on the bearish closes was -0.50 %. Across the whole set, the average move 20 hours later was 0.03 %.
28 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 | 158.13 | -0.14 % | 28 | 20 | 8 | 0.03 % |
This is not financial advice. It is an indicator based on statistics from historical data.