USD/JPY – 30M – BUY

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

A bullish movement up to the next resistance level at 156.734 is likely expected.

Caution: A possible counter-trend in the direction of the support zone at 155.718 could be enabled.
Consider stop-loss settings accordingly.

In addition a ‘Northern Doji’ candle pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish signal. The currency 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).

156.734 – 156.371 – 156.981 – 155.718 – 156.285 – 155.651 —
156.09800 – 156.29400 —
37.733888255499 – 47.131502819458 —
– —
156.73400 – 1764172800

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