USD/JPY – 4H – BUY

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

A continuation of the uptrend upwards to the next resistance at 160.593 is certain.

Caution: A possible reversal of the trend in the direction of support at 159.538 should always be considered.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The currency pair could go up.

In addition a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bullish signal. The pair is likely to go up.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is certain. Current target is 160.593 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 160.593 should always be considered.
Consider stop-loss settings accordingly.

In addition a ‘Three White Soldiers’ candle pattern is discovered. The candles form ‘Three White Soldiers’. which is a positive pattern signal. 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%.

160.593 – 160.39 – 160.083 – 159.538 – 159.368 – 159.096 —
160.37200 – 160.20200 —
43.46578124 – 46.443615788551 —
– —
160.593 – 1781179200

Trading Signals: FOREX – USD – USD/JPY – JPY – Three White Soldiers – Symmetrical Triangle Chart Pattern – – – – – – – –