USD/JPY – 1H – BUY

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

A bullish movement up to the next resistance line at 154.875 will persist.

Caution: A possible reversal of the trend in the direction of the support level at 153.005 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘MACD crosses above signal’ indicator layout is found. The indicator shows ‘MACD crosses above signal’. this is usually a bullish chart scenario. The pair is likely to go up.

Furthermore a ‘Three White Soldiers’ candlestick pattern is found. The candles form ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.

154.875 – 159.223 – 158.89 – 153.301 – 158.235 – 157.745 —
153.26400 – 152.62000 —
27.215316826513 – 29.118364611615 —
– —
154.87500 – 1769508000

Trading Signals: FOREX – USD – USD/JPY – JPY – Three White Soldiers – – – – – – – – –