USD/JPY – 30M – BUY

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

A bullish trend upwards to the next resistance level at 147.89900 will continue.

Caution: A possible counter-trend in the direction of support at could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The currency pair could go up.

Additionally a ‘Northern Doji’ candlestick chart pattern is existing. The chart forms ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

147.89900 – 148.11100 – 147.98400 – 147.44200 – 147.53000 – 147.11700 — 55.566403108589 – 56.590046745683 — 83.800462843919 – 91.392388788892 – 72.371503671324 – 81.294105882689

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