USD/JPY – 4H – BUY

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

A bullish movement up to the next resistance at 159.84 is considered certain.

Caution: A possible trend reversal in the direction of support at 157.591 is also possible.
Consider stop-loss settings accordingly.

Next a ‘Northern Doji’ candle chart pattern is detected. The chart shows ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. 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).

159.84 – 159.528 – 159.856 – 157.591 – 157.884 – 158.271 —
159.76800 – 159.38400 —
54.287959351918 – 50.638343694367 —
– —
159.84 – 1776974400

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