USD/JPY – 30M – BUY

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

A continuation of the upward movement upwards to the next resistance at 158.89 will continue.

Caution: A possible reversal of the trend in the direction of support at 158.174 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘%K crosses above %D’ indicator signal is existing. The indicator is ‘%K crosses above %D’. which is often a bullish chart signal. The currency pair could go up.

And also a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a positive chart signal. The pair is likely to go up.

And also a ‘Northern Doji’ candle chart pattern is detected. The candles form ‘Northern Doji’. which is a bullish 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).

158.89 – 158.53 – 158.254 – 158.174 – 157.745 – 157.855 —
158.85400 – 158.67000 —
65.084919020297 – 50.7438317899 —
– —
158.89000 – 1769072400

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