USD/JPY – 30M – BUY

The currency pair US Dollar/Japanese Yen (USD/JPY) breaks through the bullish trendline up.

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

Caution: A possible reversal of the trend in the direction of the support level at 156.679 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ” indicator signal is discovered. The indicator shows ”. this is usually a bullish chart scenario. The currency pair is likely to rise.

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In addition a ‘StochRSI %K line crosses above %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart scenario. The currency pair is likely to rise.

In addition a ‘Three Outside Up’ candle pattern is existing. The chart forms ‘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 likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

156.982 – 156.851 – 156.079 – 156.679 – 156.346 – 155.523 —
156.89000 – 157.10700 —
55.366681506482 – 58.169193060406 —
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156.982 – 1770258600

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