USD/JPY – 30M – BUY

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

A bullish trend up to the next resistance at 145.28700 will persist.

Caution: A possible change in the direction of the support level at could occur.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The currency pair could go up.

Then a ‘Northern Doji’ candlestick chart pattern is discovered. The chart shows ‘Northern Doji’. this 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 likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

145.28700 – 144.77000 – 144.94500 – 144.42200 – 144.39900 – 143.97200

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