USD/JPY – 1H – BUY

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

A continuation of the upward movement upwards to the next resistance at 158.6 is expected.

Caution: A possible counter-trend in the direction of the support level at 157.745 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘%K crosses above %D’ indicator signal is detected. The indicator shows ‘%K crosses above %D’. which could be a positive chart signal. The pair is likely to go up.

Then a ‘Northern Doji’ candlestick chart pattern is found. The candles show ‘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 chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

158.297 – 158.6 – 158.163 – 157.745 – 157.466 – 157.422 —
158.24100 – 158.36500 —
56.625448947454 – 56.848189706696 —
– —
158.29700 – 1768942800

Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji – Inverse Head and Shoulder chart pattern – – – – – – – –