USD/JPY – 30M – BUY

The pair US Dollar/Japanese Yen (USD/JPY) breaks through the bearish trendline upwards

An ascending movement up to the next resistance level at 153.664 will continue.

Caution: A possible reversal of the trend in the direction of support at 153.251 could occur.
Consider stop-loss settings accordingly.

There is also a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish chart signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 153.755 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of resistance at 153.664 could occur.
Consider stop-loss settings accordingly.

There is also a ‘Three White Soldiers’ candle pattern is discovered. The candles show ‘Three White Soldiers’. 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 chance of ‘Three White Soldiers’ heading up is 82%.

153.568 – 153.634 – 153.664 – 153.251 – 152.564 – 152.591 —
153.51600 – 153.46400 —
59.52035554467 – 53.40173999317 —
– —
153.568 – 1771266600

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