USD/JPY – 30M – BUY

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

A bullish trend up to the next resistance line at 157.201 will persist.

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

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Current target is 157.326 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance level at 157.201 could happen.
In the case of a trade, always set appropriate stop-loss settings.

157.201 – 157.245 – 157.116 – 155.495 – 156.302 – 155.554 —
157.21600 – 157.23900 —
56.636949589704 – 36.725044972058 —
– —
157.201 – 1777899600

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