USD/JPY – 1H – BUY

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

A continuation of the upward movement up to the next resistance level at 157.965 will continue.

Caution: A possible trend reversal in the direction of the support line at 157.386 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three White Soldiers’ candle pattern is discovered. The chart forms ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.

157.847 – 157.965 – 157.75 – 157.386 – 157.375 – 156.449 —
157.87300 – 158.73200 —
57.62630240268 – 74.731176033955 —
– —
157.847 – 1772744400

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