USD/JPY – 30M – BUY

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

A bullish movement up to the next resistance line at 158.593 is certain.

Caution: A possible change in the direction of the support level at is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair could go down.

There is also a ‘%K crosses below %D’ indicator signal is existing. The indicator shows ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair could go down.

There is also a ‘Northern Doji’ chart pattern is found. The candles form ‘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 probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

158.593 – 159.452 – 159.188 – 158.197 – 158.1 – 158.578 —
158.57100 – 158.72800 —
51.314784375962 – 53.325857097634 —
– —
158.59300 – 1768431600

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