USD/JPY – 30M – BUY

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

An ascending movement up to the next resistance line at 160.337 is considered certain.

Caution: A possible reversal of the trend in the direction of the support level at 159.538 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Current target is 160.0655 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 160.337 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Northern Doji’ candle pattern is discovered. The chart shows ‘Northern Doji’. which 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’ going up is 52% (Bull Market) & 51% (Bear Market).

160.337 – 160.372 – 160.593 – 159.95 – 159.538 – 160.421 —
160.22400 – 159.92900 —
50.225490171186 – 24.076487423057 —
– —
160.337 – 1781281800

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