USD/JPY – 4H – BUY

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Current target is 155.658 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance zone at 157.656 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three White Soldiers’ candlestick pattern is detected. The candles form ‘Three White Soldiers’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.

157.656 – 157.334 – 159.223 – 152.265 – 152.093 – 157.422 —
153.25800 – 153.79500 —
41.367942320031 – 53.784985870595 —
– —
157.656 – 1770595200

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