USD/JPY – 1H – BUY

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

A continuation of the bullish trend upwards to the next resistance at 155.784 will continue.

Caution: A possible counter-trend in the direction of the support line at 155.302 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Northern Doji’ chart pattern is discovered. The chart forms ‘Northern Doji’. which is a positive signal. The currency 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).

155.784 – 155.509 – 153.534 – 155.302 – 152.677 – 152.093 —
155.57900 – 155.92900 —
61.307903501829 – 58.546987159669 —
– —
155.784 – 1770066000

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