USD/JPY – 30M – BUY

The pair US Dollar/Japanese Yen (USD/JPY) moves from the bullish trendline up.

A continuation of the bullish trend up to the next resistance level at 155.539 is certain.

Caution: A possible reversal of the trend in the direction of the support level at 154.506 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The currency pair could go up.

Moreover a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a positive signal. The currency pair could go up.

Moreover a ‘Bullish Engulfing’ chart pattern is found. The chart forms ‘Bullish Engulfing’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ going up is 63%.

155.539 – 155.753 – 156.176 – 154.506 – 155.016 – 155.01 —
155.05600 – 155.09700 —
53.517435211691 – 54.384464791681 —
– —
155.53900 – 1764826200

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