USD/JPY – 1H – BUY

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

A continuation of the bullish trend upwards to the next resistance at 155.88 will continue.

Caution: A possible change in the direction of support at 154.813 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Northern Doji’ chart pattern is discovered. The candles form ‘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 probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

155.373 – 154.761 – 154.742 – 154.813 – 153.615 – 153.663 —
155.43700 – 155.63600 —
53.274739420265 – 61.190551881616 —
– —
155.37300 – 1763431200

Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji – Double top chart pattern – – – –