USD/JPY – 30M – BUY

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

An ascending movement up to the next resistance level at 159.303 is certain.

Caution: A possible reversal of the trend in the direction of the support line at 158.26 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is certain. Target of the current trend is 159.303 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 159.303 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Northern Doji’ candlestick pattern is existing. The candles form ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. 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).

159.303 – 159.151 – 159.059 – 158.26 – 158.751 – 158.643 —
159.23600 – 159.13800 —
58.010959997992 – 47.956194253081 —
– —
159.303 – 1776357000

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