USD/JPY – 1H – BUY

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

A continuation of the bullish trend upwards to the next resistance level at 159.223 will persist.

Caution: A possible counter-trend in the direction of the support line at 155.302 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Three Outside Up’ candlestick pattern is found. The chart shows ‘Three Outside Up’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

156.079 – 155.784 – 155.509 – 155.302 – 152.677 – 152.093 —
156.66500 – 156.73500 —
81.389460781945 – 65.372363458233 —
– —
156.079 – 1770134400

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