USD/JPY – 30M – BUY

Additionally a ‘Inverse Head and Shoulder chart pattern’ chart formation is found. The chart picture shows ‘Inverse Head and Shoulder chart pattern’. this is a bullish chart scenario. The pair is likely to go up.

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

A bullish movement up to the next resistance line at 145.28700 is considered certain.

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

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Additionally a ‘Northern Doji’ candlestick pattern is existing. The chart forms ‘Northern Doji’. which is a bullish 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).

145.28700 – 144.77000 – 144.94500 – 144.39900 – 143.97200 – 143.41700

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