USD/JPY – 1H – BUY

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

A bullish ascent up to the next resistance line at 145.28700 will persist.

Caution: A possible trend reversal in the direction of the support zone at 143.97200 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Current target is 145.287 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance level at 145.28700 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Northern Doji’ candle pattern is detected. The chart shows ‘Northern Doji’. which is a positive 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).

145.28700 – 144.77000 – 145.08600 – 143.97200 – 142.52800 – 143.67200

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