USD/JPY – 4H – BUY

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

A continuation of the upward movement upwards to the next resistance line at 154.798 will persist.

Caution: A possible counter-trend in the direction of the support line at 153.615 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘%K crosses above %D’ indicator layout is detected. The indicator shows ‘%K crosses above %D’. which could be a positive signal. The currency pair could go up.

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

154.482 – 154.444 – 153.254 – 153.615 – 152.815 – 152.957 —
155.37300 – 155.54900 —
62.197303091473 – 59.609965939021 —
– —
154.48200 – 1762214400

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