USD/JPY – 30M – BUY

The combination US Dollar/Japanese Yen (USD/JPY) goes from the ascending trendline up.

A continuation of the upward movement up to the next resistance line at 155.539 will persist.

Caution: A possible counter-trend in the direction of the support level at 154.506 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The currency pair could go up.

Next a ‘StochRSI Hidden Bullish Divergence’ indicator layout is existing. The indicator is ‘StochRSI Hidden Bullish Divergence’. which could be a positive chart signal. The currency pair could go up.

Next a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Next a ‘Northern Doji’ candlestick chart pattern is discovered. The candles form ‘Northern Doji’. which is a bullish 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).

155.539 – 155.753 – 156.176 – 154.506 – 155.016 – 155.01 —
154.91700 – 155.05100 —
50.643607376423 – 55.652016378534 —
– —
155.53900 – 1764826200

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