USD/JPY – 1H – BUY

The pair US Dollar/Japanese Yen (USD/JPY) jumps from the bearish trendline upwards

A bullish movement up to the next resistance line at 159.84 is certain.

Caution: A possible counter-trend in the direction of the support level at 158.549 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Bearish SBS White Lines’ candle pattern is discovered. The candles form ‘Bearish SBS White Lines’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

159.84 – 159.636 – 159.198 – 159.091 – 159.309 – 159.1 —
159.42500 – 159.56000 —
53.720855582647 – 36.478249778131 —
– —
159.84 – 1776974400

Trading Signals: FOREX – USD – USD/JPY – JPY – Bearish SBS White Lines – – – – – – – – –