USD/JPY – 1H – BUY

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

A continuation of the bullish trend upwards to the next resistance line at 157.847 will continue.

Caution: A possible counter-trend in the direction of the support zone at 157.386 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three White Soldiers’ candle pattern is found. The candles form ‘Three White Soldiers’. which is a bullish 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’ going up is 82%.

157.847 – 157.965 – 157.75 – 157.386 – 157.375 – 156.449 —
157.85400 – 158.44100 —
55.329220374238 – 69.725861477639 —
– —
157.847 – 1772744400

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