USD/JPY – 30M – BUY

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish signal. The pair is likely to go up.

Next a ‘%K crosses above %D’ indicator signal is discovered. The indicator shows ‘%K crosses above %D’. this is usually a bullish signal. The pair is likely to go up.

Next a ‘Bullish Engulfing’ candle chart pattern is discovered. The candles show ‘Bullish Engulfing’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.

154.482 – 154.294 – 154.28 – 153.313 – 153.921 – 153.986 —
153.47700 – 153.64000 —
36.064396816826 – 51.853640068774 —
– —
154.48200 – 1762225200

Trading Signals: FOREX – USD – USD/JPY – JPY – Bullish Engulfing – – – –