USD/JPY – 4H – BUY

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

A continuation of the uptrend upwards to the next resistance line at 160.721 is likely expected.

Caution: A possible trend reversal in the direction of the support zone at 159.368 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘StochRSI %K line crosses above %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive chart signal. The currency pair is likely to rise.

Then a ‘Three White Soldiers’ candle chart pattern is discovered. The candles form ‘Three White Soldiers’. 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 likelyhood of ‘Three White Soldiers’ heading up is 82%.

160.39 – 160.083 – 159.651 – 159.368 – 159.096 – 158.732 —
160.56700 – 160.21600 —
71.084355304169 – 45.7622000921 —
– —
160.39 – 1780891200

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