USD/JPY – 1H – BUY

Also there is a ‘Falling Wedge Chart Pattern’ chart layout is detected. The chart picture shows ‘Falling Wedge Chart Pattern’. this is a bullish pattern signal. The currency pair is likely to go up.

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

A continuation of the upward movement upwards to the next resistance line at 145.46400 will persist.

Caution: A possible trend reversal in the direction of the support level at 143.64800 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bullish chart signal. The currency pair is likely to rise.

Also there is a ‘Northern Doji’ candlestick pattern is found. The candles show ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

145.10900 – 144.75000 – 145.46400 – 143.64800 – 142.79100 – 143.18200

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