USD/JPY – 30M – BUY

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

A bullish trend upwards to the next resistance at 158.876 is considered certain.

Caution: A possible reversal of the trend in the direction of the support level at 158.408 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart signal. The currency pair could go up.

Additionally a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which could be a positive signal. The currency pair is likely to rise.

Additionally a ‘Northern Doji’ chart pattern is found. The chart forms ‘Northern Doji’. this is a bullish pattern 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).

158.876 – 158.728 – 158.593 – 158.408 – 158.301 – 158.197 —
158.59100 – 158.67000 —
52.778255177866 – 51.354863649293 —
– —
158.87600 – 1768492800

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