USD/JPY – 1H – BUY

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

A continuation of the bullish trend upwards to the next resistance at 154.651 is expected.

Caution: A possible counter-trend in the direction of support at 152.796 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The pair is likely to go up.

Also there is a ‘Bullish Belt Hold’ candlestick chart pattern is existing. The candles form ‘Bullish Belt Hold’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

154.651 – 156.29 – 157.656 – 152.796 – 155.517 – 156.213 —
153.15800 – 153.06400 —
37.793327473603 – 43.666929225458 —
– —
154.651 – 1770822000

Trading Signals: FOREX – USD – USD/JPY – JPY – Bullish Belt Hold – – – – – – – – –