USD/JPY – 1H – BUY

The currency pair US Dollar/Japanese Yen (USD/JPY) breaks through the ascending trendline upwards

A continuation of the upward movement upwards to the next resistance at 148.02500 is expected.

Caution: A possible change in the direction of the support zone at 146.21100 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Resistance Level’ indicator layout is found. The indicator shows ‘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-Level.Continuation of the current ascending trend is expected. Target of the current trend is 147.511 at the Fibonacci level 0-Level. Caution: A possible change in the direction of resistance at 148.02500 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Northern Doji’ candlestick chart pattern is existing. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

147.51100 – 145.23100 – 144.24200 – 146.21100 – 144.17900 – 143.44300 — 75.942615305066 – 77.466222010591 — 100 – 100 – 75.415386274193 – 93.263248692652

Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji – – –