USD/JPY – 30M – BUY

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

A continuation of the uptrend up to the next resistance level at 159.223 is certain.

Caution: A possible change in the direction of the support level at 155.523 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The currency pair could go up.

Also there is a ‘Bullish Engulfing’ candle pattern is discovered. The candles show ‘Bullish Engulfing’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ heading up is 63%.

156.079 – 155.784 – 155.509 – 155.523 – 155.302 – 154.547 —
156.80400 – 156.59000 —
80.920111053155 – 56.459297994219 —
– —
156.079 – 1770134400

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