USD/JPY – 30M – BUY

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

A continuation of the uptrend up to the next resistance at 159.223 is likely expected.

Caution: A possible counter-trend in the direction of the support zone at 155.523 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Outside Up’ candle pattern is found. The chart shows ‘Three Outside Up’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

156.079 – 155.784 – 155.509 – 155.523 – 155.302 – 154.547 —
156.35000 – 156.49200 —
68.185063916048 – 72.995826542895 —
– —
156.079 – 1770134400

Trading Signals: FOREX – USD – USD/JPY – JPY – Three Outside Up – – – – – – – – –