USD/JPY – 1H – BUY

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

A bullish movement upwards to the next resistance at 156.577 will persist.

Caution: A possible trend reversal in the direction of support at 154.665 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘%K crosses above %D’ indicator layout is detected. The indicator shows ‘%K crosses above %D’. this is usually a bullish signal. The pair is likely to go up.

Then a ‘Northern Doji’ chart pattern is found. The chart forms ‘Northern Doji’. this is a bullish 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).

156.577 – 156.734 – 157.186 – 154.665 – 156.092 – 155.718 —
155.50500 – 155.66400 —
49.293934121073 – 55.049326643361 —
– —
156.57700 – 1764295200

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