USD/JPY – 30M – BUY

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

A continuation of the bullish trend up to the next resistance level at 156.818 will persist.

Caution: A possible change in the direction of the support zone at 155.698 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a positive signal. The currency pair is likely to rise.

Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend will persist. Target of the current trend is 156.818 at the Fibonacci level 1-Level. Caution: A possible change in the direction of resistance at 156.818 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Three Outside Up’ candlestick chart pattern is detected. The candles show ‘Three Outside Up’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

156.172 – 156.818 – 156.041 – 155.698 – 156.238 – 155.58 —
156.11200 – 156.24300 —
46.602380855901 – 52.619270431337 —
– —
156.172 – 1772100000

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