USD/JPY – 1H – BUY

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

A continuation of the bullish trend up to the next resistance line at 160.56700 is likely expected.

Caution: A possible counter-trend in the direction of the support line at 160.049 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘StochRSI %K line crosses above %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish chart scenario. The currency pair is likely to rise.

There is also a ‘Tweezers Bottom’ candle pattern is found. The candles show ‘Tweezers Bottom’. which 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 probability of ‘Tweezers Bottom’ heading up is 52% (Bull Market) & 56% (Bear Market).

160.56700 – 160.442 – 160.274 – 160.049 – 159.843 – 159.728 —
160.56700 – 160.53200 —
67.417332387697 – 56.561352937468 —
160.56700 – 1781132400 —
– 1781132400

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