USD/JPY – 1H – BUY

The pair US Dollar/Japanese Yen (USD/JPY) jumps from the bearish trendline up.

An ascending movement upwards to the next resistance level at 155.539 is likely expected.

Caution: A possible reversal of the trend in the direction of the support level at 154.665 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘%K crosses above %D’ indicator layout is found. The indicator is ‘%K crosses above %D’. which could be a positive chart scenario. The pair is likely to go up.

Then a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The pair is likely to go up.

Then a ‘Northern Doji’ chart pattern is found. The chart shows ‘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 likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

155.539 – 156.176 – 156.577 – 155.01 – 154.665 – 156.092 —
155.46600 – 154.79100 —
54.436222816488 – 24.115691765541 —
– —
155.53900 – 1764824400

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