USD/JPY – 1H – BUY

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

A continuation of the uptrend up to the next resistance at 156.231 is likely expected.

Caution: A possible counter-trend in the direction of the support level at 155.534 is also possible.
Consider stop-loss settings accordingly.

Next a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish chart scenario. The currency pair is likely to rise.

Next a ‘Three White Soldiers’ candle pattern is existing. The candles form ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.

156.231 – 156.429 – 156.818 – 155.534 – 155.698 – 155.342 —
156.58200 – 157.00400 —
61.340860222886 – 67.634224722866 —
– —
156.231 – 1772190000

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