USD/JPY – 30M – BUY

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

A continuation of the bullish trend up to the next resistance line at 157.899 is likely expected.

Caution: A possible trend reversal in the direction of the support line at 157.375 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart signal. The pair is likely to go up.

In addition a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which could be a positive signal. The pair is likely to go up.

In addition a ‘Three White Soldiers’ candle pattern is discovered. The candles show ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.

157.899 – 157.847 – 157.41 – 157.375 – 156.898 – 156.449 —
157.76500 – 157.89300 —
53.574924699951 – 61.239386661409 —
– —
157.899 – 1772784000

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