USD/JPY – 30M – BUY

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

A bullish movement up to the next resistance at 157.069 will continue.

Caution: A possible change in the direction of support at 156.452 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘MACD crosses above signal’ indicator layout is found. The indicator is ‘MACD crosses above signal’. this is usually a bullish chart scenario. The currency pair could go up.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend will continue. Current target is 157.069 at the Fibonacci level 1-Level. Caution: A possible change in the direction of resistance at 157.069 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Northern Doji’ candle pattern is discovered. The chart shows ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

157.069 – 156.953 – 156.798 – 156.452 – 156.361 – 156.293 —
157.06800 – 156.85800 —
65.251468496243 – 53.404410906977 —
– —
157.06900 – 1767888000

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