USD/JPY – 1H – BUY

The combination US Dollar/Japanese Yen (USD/JPY) breaks through the descending trendline up.

An ascending movement upwards to the next resistance at 155.491 is considered certain.

Caution: A possible change in the direction of the support level at could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The pair is likely to go up.

Then a ‘Northern Doji’ candle pattern is existing. The candles form ‘Northern Doji’. this is a bullish chart scenario. The currency 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).

155.491 – 155.226 – 155.539 – 154.34 – 154.506 – 155.01 —
155.36400 – 155.12000 —
63.366982207723 – 48.063016650163 —
– —
155.49100 – 1764957600

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