USD/JPY – 1H – BUY

In addition a ‘Double bottom chart pattern’ chart pattern is discovered. The chart shows ‘Double bottom chart pattern’. this is a bullish pattern signal. The currency pair is likely to go up.

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

A continuation of the uptrend up to the next resistance line at 156.953 is likely expected.

Caution: A possible change in the direction of the support level at 156.452 should be noted.
Consider stop-loss settings accordingly.

In addition a ‘%K crosses above %D’ indicator layout is existing. The indicator is ‘%K crosses above %D’. which could be a positive signal. The currency pair could go up.

In addition a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The currency pair is likely to rise.

In addition a ‘Northern Doji’ candlestick pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish pattern signal. 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’ going up is 52% (Bull Market) & 51% (Bear Market).

156.953 – 156.803 – 157.295 – 156.452 – 156.293 – 156.16 —
156.77500 – 156.90000 —
51.189834443694 – 53.215792146415 —
– —
156.95300 – 1767844800

Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji – Double bottom chart pattern – – – – – – – –