USD/JPY – 4H – BUY

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

A bullish movement up to the next resistance level at 159.528 will continue.

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

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart signal. The currency pair is likely to rise.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Current target is 159.82663 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of resistance at 159.528 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three White Soldiers’ candlestick chart pattern is found. The candles form ‘Three White Soldiers’. which is a positive chart scenario. 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%.

159.528 – 159.856 – 160.028 – 157.591 – 157.884 – 158.271 —
159.19800 – 158.99000 —
50.722880814503 – 50.574835666154 —
– —
159.528 – 1776412800

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