USD/JPY – 4H – BUY

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

A continuation of the uptrend upwards to the next resistance level at 158.899 will continue.

Caution: A possible counter-trend in the direction of support at 156.449 should be noted.
Consider stop-loss settings accordingly.

Furthermore a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bullish signal. The currency pair is likely to rise.

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

158.899 – 157.965 – 156.818 – 156.449 – 155.534 – 153.995 —
158.58200 – 158.12600 —
58.216719518499 – 55.873091139849 —
– —
158.899 – 1773028800

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