USD/JPY – 1H – BUY

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

A continuation of the upward movement upwards to the next resistance level at 155.373 will continue.

Caution: A possible change in the direction of the support level at 154.813 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Northern Doji’ chart pattern is detected. The candles form ‘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 probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

155.373 – 154.761 – 154.742 – 154.813 – 153.615 – 153.663 —
155.37800 – 155.54500 —
55.383442304403 – 61.574912717967 —
– —
155.37300 – 1763431200

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