USD/JPY – 30M – BUY

The currency pair US Dollar/Japanese Yen (USD/JPY) moves from the descending trendline upwards

A bullish movement upwards to the next resistance level at 157.891 is expected.

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

There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart scenario. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 157.282384 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance line at 157.891 could be enabled.
Consider stop-loss settings accordingly.

There is also a ‘Northern Doji’ candlestick chart pattern is existing. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

157.891 – 157.774 – 155.728 – 156.553 – 157.108 – 155.213 —
156.88100 – 156.71300 —
41.821067462932 – 30.045859895127 —
– —
157.89100 – 1763659800

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