USD/JPY – 30M – BUY

The pair US Dollar/Japanese Yen (USD/JPY) breaks through the bullish trendline up.

A continuation of the uptrend up to the next resistance at 155.518 is expected.

Caution: A possible trend reversal in the direction of the support line at 154.813 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Northern Doji’ candlestick pattern is detected. The chart shows ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. 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).

155.373 – 155.302 – 154.74 – 154.813 – 154.413 – 153.615 —
155.25900 – 155.50400 —
46.553286663822 – 59.929558778684 —
– —
155.37300 – 1763431200

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