USD/JPY – 1H – BUY

The combination US Dollar/Japanese Yen (USD/JPY) breaks through the bullish trendline upwards

A continuation of the bullish trend upwards to the next resistance level at 155.518 is considered certain.

Caution: A possible trend reversal in the direction of the support level at 153.615 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘%K crosses above %D’ indicator signal is discovered. The indicator shows ‘%K crosses above %D’. which could be a positive signal. The currency pair could go up.

Furthermore 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.

Furthermore a ‘Northern Doji’ chart pattern is existing. The candles form ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

154.761 – 154.742 – 155.014 – 153.615 – 153.663 – 153.888 —
155.24300 – 155.18700 —
69.832191085663 – 52.489218015776 —
– —
154.76100 – 1763121600

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