USD/JPY – 1H – BUY

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

The bullish trend upwards to the next resistance line at 155.226 will persist.

Caution: A possible trend reversal in the direction of the support level at could happen.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The currency pair is likely to rise.

Then a ‘Northern Doji’ candle chart pattern is existing. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The currency 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).

155.226 – 155.539 – 156.176 – 154.506 – 155.01 – 154.665 —
155.12200 – 155.22100 —
44.968616358019 – 55.906639568959 —
– —
155.22600 – 1764900000

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