USD/JPY – 1H – BUY

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

An ascending movement upwards to the next resistance at 157.295 will continue.

Caution: A possible counter-trend in the direction of the support line at 156.293 is within the realm of possibility.
Consider stop-loss settings accordingly.

There is also a ‘%K crosses above %D’ indicator layout is found. The indicator is ‘%K crosses above %D’. which could be a positive chart scenario. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 157.015812 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance zone at 157.295 is within the realm of possibility.
Consider stop-loss settings accordingly.

There is also a ‘Northern Doji’ candle chart pattern is detected. The chart shows ‘Northern Doji’. which is a bullish chart scenario. 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).

156.803 – 157.295 – 156.998 – 156.293 – 156.16 – 156.112 —
156.79800 – 156.75200 —
59.88175019009 – 54.94178071868 —
– —
156.80300 – 1767751200

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