USD/JPY – 30M – BUY

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

A continuation of the bullish trend up to the next resistance at 158.899 is expected.

Caution: A possible trend reversal in the direction of support at 157.86 could occur.
Consider stop-loss settings accordingly.

And also a ‘StochRSI %K line crosses above %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The pair is likely to go up.

And also a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 158.899 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance level at 158.899 could occur.
Consider stop-loss settings accordingly.

And also a ‘Three Outside Up’ candle pattern is discovered. The chart shows ‘Three Outside Up’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

158.391 – 157.975 – 158.899 – 157.86 – 157.397 – 157.271 —
158.48500 – 158.64400 —
60.68562191525 – 57.947623350312 —
– —
158.391 – 1773207000

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