USD/JPY – 30M – BUY

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

A continuation of the upward movement upwards to the next resistance at 157.299 is considered certain.

Caution: A possible counter-trend in the direction of the support zone at 156.564 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish signal. The currency pair is likely to rise.

In addition a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bullish chart signal. The currency pair could go up.

In addition a ‘Northern Doji’ candlestick chart pattern is found. The candles show ‘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’ heading up is 52% (Bull Market) & 51% (Bear Market).

157.299 – 157.201 – 157.245 – 156.564 – 155.495 – 156.302 —
157.23700 – 157.26900 —
54.348882746818 – 52.130113681496 —
– —
157.299 – 1777921200

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