USD/JPY – 1H – BUY

The combination US Dollar/Japanese Yen (USD/JPY) breaks through the bullish trendline up.

A continuation of the upward movement upwards to the next resistance level at 157.299 is considered certain.

Caution: A possible counter-trend in the direction of the support level at 156.564 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The currency pair is likely to rise.

Furthermore a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a positive chart signal. The pair is likely to go up.

Furthermore a ‘Three White Soldiers’ candle chart pattern is discovered. The chart shows ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.

157.299 – 157.245 – 157.326 – 156.564 – 155.495 – 155.554 —
157.26800 – 157.28400 —
53.759210706292 – 55.441597413644 —
– —
157.299 – 1777921200

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