USD/JPY – 30M – BUY

The currency pair US Dollar/Japanese Yen (USD/JPY) breaks through the bearish trendline upwards

An ascending movement upwards to the next resistance at 158.263 is considered certain.

Caution: A possible reversal of the trend in the direction of support at 157.819 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Northern Doji’ candle pattern is found. The candles form ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

158.263 – 158.7 – 158.876 – 157.819 – 158.008 – 157.968 —
158.13100 – 157.61900 —
45.844567796257 – 25.524027558006 —
– —
158.26300 – 1768584600

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