USD/JPY – 1H – BUY

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

A continuation of the uptrend up to the next resistance at 160.39 is expected.

Caution: A possible change in the direction of the support level at 160.049 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Bearish SBS White Lines’ candlestick chart pattern is existing. The chart shows ‘Bearish SBS White Lines’. which is a bearish signal. The currency 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’ going down is 56% (Bull Market) & 57% (Bear Market).

160.274 – 160.39 – 160.042 – 160.049 – 159.843 – 159.728 —
160.22300 – 160.42200 —
52.956798623488 – 62.72386788018 —
– —
160.274 – 1780974000

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