USD/JPY – 30M – BUY

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

A bullish trend upwards to the next resistance level at 143.80000 will continue.

Caution: A possible change in the direction of the support level at 142.67800 could be enabled.
Consider stop-loss settings accordingly.

Then a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bullish signal. The currency pair is likely to rise.

Then a ‘Northern Doji’ candlestick pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish chart scenario. 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).

143.80000 – 143.93100 – 144.50800 – 142.67800 – 143.43600 – 143.77800

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