USD/JPY – 1H – BUY

Furthermore a ‘Double bottom retreat down’ chart layout is existing. The chart forms ‘Double bottom retreat down’. this is a bearish pattern signal. The pair is likely to go down.

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

A continuation of the bullish trend upwards to the next resistance level at 146.28400 is likely expected.

Caution: A possible trend reversal in the direction of the support level at 145.11900 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bullish chart scenario. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 145.766 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of resistance at 146.28400 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Northern Doji’ candlestick chart pattern is found. The candles show ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. 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).

145.76600 – 145.43800 – 145.10900 – 145.11900 – 144.32200 – 144.36700

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