USD/JPY – 1H – BUY

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

An ascending movement upwards to the next resistance line at 145.28700 is considered certain.

Caution: A possible change in the direction of the support level at 143.97200 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a positive chart signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 145.287 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance level at 145.28700 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Northern Doji’ candle pattern is discovered. The candles form ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

145.28700 – 144.77000 – 145.08600 – 143.97200 – 142.52800 – 143.67200

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