USD/JPY – 1H – BUY

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

A bullish trend upwards to the next resistance at 159.828 is likely expected.

Caution: A possible trend reversal in the direction of the support line at could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart signal. The pair is likely to go up.

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

There is also a ‘Three White Soldiers’ chart pattern is found. The candles form ‘Three White Soldiers’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.

159.828 – 159.809 – 159.742 – 159.438 – 159.23 – 158.271 —
159.74400 – 159.43600 —
56.310922333896 – 38.080447292068 —
– —
159.828 – 1775440800

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