USD/JPY – 1H – BUY

The pair US Dollar/Japanese Yen (USD/JPY) jumps from the ascending trendline up.

A continuation of the uptrend up to the next resistance line at 156.734 will persist.

Caution: A possible counter-trend in the direction of the support line at 155.651 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘%K crosses above %D’ indicator layout is existing. The indicator shows ‘%K crosses above %D’. which could be a positive chart signal. The currency pair is likely to rise.

Furthermore a ‘RSI Hidden Bullish Divergence’ indicator layout is existing. The indicator shows ‘RSI Hidden Bullish Divergence’. which could be a positive chart signal. The currency pair is likely to rise.

Furthermore a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The currency pair could go up.

Furthermore a ‘Northern Doji’ candle chart pattern is found. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

156.734 – 157.186 – 157.891 – 155.651 – 156.197 – 155.213 —
156.46200 – 156.23300 —
52.106499831472 – 35.835221983522 —
– —
156.73400 – 1764172800

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