USD/JPY – 30M – BUY

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

An ascending movement upwards to the next resistance line at 158.163 will persist.

Caution: A possible change in the direction of the support level at 157.422 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘%K crosses below %D’ indicator layout is discovered. The indicator is ‘%K crosses below %D’. this is usually a bearish chart signal. The currency pair is likely to fall.

Then a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. this is usually a bullish chart signal. The currency pair could go up.

Then a ‘Northern Doji’ chart pattern is detected. The candles form ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. 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).

158.163 – 158.263 – 158.7 – 157.422 – 157.819 – 158.008 —
158.09800 – 158.18800 —
51.948181151676 – 44.599842863341 —
– —
158.16300 – 1768822200

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