USD/JPY – 1H – BUY

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

A bullish movement up to the next resistance line at 146.679 will continue.

Caution: A possible change in the direction of the support line at 146.211 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

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

Additionally a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. this is usually a bullish signal. The pair is likely to go up.

Correction of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Current target is 146.747208 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance line at 146.679 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Northern Doji’ candle chart pattern is found. The chart shows ‘Northern Doji’. which is a bullish signal. The 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).

146.679 – 147.538 – 148.071 – 147.23 – 146.984 – 146.304 — 58.293230345603 – 60.394053866214 — 41.1075162939 – 68.807145871431 – 30.113627483159 – 43.509791969491

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