USD/JPY – 30M – BUY

The combination US Dollar/Japanese Yen (USD/JPY) moves from the bullish trendline upwards

A continuation of the uptrend up to the next resistance at 158.876 is considered certain.

Caution: A possible reversal of the trend in the direction of the support level at 158.301 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Northern Doji’ candlestick chart pattern is found. The candles form ‘Northern Doji’. which is a positive pattern 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).

158.876 – 158.728 – 158.593 – 158.301 – 158.197 – 158.1 —
158.61800 – 158.53400 —
48.505346712243 – 46.242211261501 —
– —
158.87600 – 1768492800

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