USD/JPY – 30M – BUY

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

The bullish trend up to the next resistance at 159.895 will persist.

Caution: A possible counter-trend in the direction of the support level at 159.252 is also possible.
Consider stop-loss settings accordingly.

Then a ‘StochRSI %K crosses above 0.2’ indicator signal is found. The indicator is ‘StochRSI %K crosses above 0.2’. which is often a bullish chart signal. The currency pair could go up.

Then a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bullish chart scenario. The pair is likely to go up.

Then a ‘Bullish Engulfing’ candle pattern is detected. The chart forms ‘Bullish Engulfing’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ heading up is 63%.

159.895 – 159.583 – 159.134 – 159.252 – 158.564 – 158.72 —
159.84400 – 159.67300 —
66.55092095777 – 53.8582565914 —
– —
159.895 – 1773876600

Trading Signals: FOREX – USD – USD/JPY – JPY – Bullish Engulfing – – – – – – – – –