USD/JPY – 30M – BUY

The currency pair US Dollar/Japanese Yen (USD/JPY) breaks through the descending trendline up.

An ascent up to the next resistance level at 154.65100 is expected.

Caution: A possible reversal of the trend in the direction of the support zone at 152.796 is also possible.
Consider stop-loss settings accordingly.

Besides 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 signal. The currency pair is likely to rise.

Besides a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The currency pair is likely to rise.

Besides a ‘Bearish SBS White Lines’ chart pattern is discovered. The chart shows ‘Bearish SBS White Lines’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

154.65100 – 155.631 – 156.29 – 152.796 – 154.049 – 155.085 —
154.65100 – 153.02100 —
58.455278760656 – 33.199819403857 —
154.65100 – 1770823800 —
– 1770823800

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