USD/JPY – 30M – BUY

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

A continuation of the upward movement up to the next resistance level at 156.522 is expected.

Caution: A possible counter-trend in the direction of support at should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The pair is likely to go up.

Additionally a ‘StochRSI %K line crosses above %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish chart signal. The pair is likely to go up.

Additionally a ‘Three Outside Up’ chart pattern is existing. The candles show ‘Three Outside Up’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

156.522 – 156.508 – 157.934 – 156.016 – 156.019 – 155.611 —
156.39900 – 156.39900 —
51.133856875537 – 44.786334391477 —
– —
156.522 – 1778122800

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