USD/JPY – 1H – BUY

The combination US Dollar/Japanese Yen (USD/JPY) breaks through the bearish trendline upwards

An ascending movement up to the next resistance at 157.299 is expected.

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

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The pair is likely to go up.

In addition a ‘Three Outside Up’ candle chart pattern is discovered. The chart forms ‘Three Outside Up’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

157.299 – 157.245 – 157.326 – 156.56400 – 155.495 – 155.554 —
157.27400 – 157.26800 —
43.050463511734 – 53.759210610609 —
156.56400 – 1777928400 —
157.299 – 1777921200

Trading Signals: FOREX – USD – USD/JPY – JPY – Three Outside Up – – – – – – – – –