USD/JPY – 1H – BUY

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

A continuation of the bullish trend up to the next resistance at 157.891 is considered certain.

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

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive signal. The pair is likely to go up.

Next a ‘Northern Doji’ candle chart pattern is existing. The candles form ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

157.891 – 155.728 – 155.373 – 155.213 – 154.813 – 153.615 —
156.96200 – 156.50100 —
37.615930554051 – 31.969691727099 —
– —
157.89100 – 1763658000

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