USD/JPY – 1H – BUY

The combination US Dollar/Japanese Yen (USD/JPY) breaks through the ascending trendline upwards

A continuation of the upward movement up to the next resistance level at 156.079 is certain.

Caution: A possible reversal of the trend in the direction of the support level at 155.302 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three White Soldiers’ candlestick pattern is existing. The candles show ‘Three White Soldiers’. 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 probability of ‘Three White Soldiers’ going up is 82%.

156.079 – 155.784 – 155.509 – 155.302 – 152.677 – 152.093 —
155.79900 – 156.18400 —
54.875761357793 – 71.72355809286 —
– —
156.079 – 1770134400

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