USD/JPY – 30M – BUY

The currency pair US Dollar/Japanese Yen (USD/JPY) breaks through the bearish trendline up.

A bullish ascent up to the next resistance level at 156.176 is likely expected.

Caution: A possible counter-trend in the direction of the support zone at 155.387 could happen.
Consider stop-loss settings accordingly.

Besides a ‘MACD crosses above signal’ indicator layout is found. The indicator shows ‘MACD crosses above signal’. this is usually a bullish signal. The currency pair is likely to rise.

Besides a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Besides a ‘Northern Doji’ candle pattern is existing. The chart forms ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

155.984 – 155.378 – 155.226 – 155.387 – 154.899 – 154.34 —
155.89800 – 156.10700 —
50.696353443434 – 53.62183975464 —
– —
155.98400 – 1765215000

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