USD/JPY – 30M – BUY

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

A continuation of the upward movement upwards to the next resistance line at 158.087 is certain.

Caution: A possible change in the direction of the support zone at 157.386 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The pair is likely to go down.

Also there is a ‘Bullish Engulfing’ candlestick chart pattern is found. The candles form ‘Bullish Engulfing’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ going up is 63%.

158.087 – 157.899 – 157.847 – 157.386 – 157.375 – 156.898 —
157.87300 – 158.47100 —
55.687046664254 – 69.738590350033 —
– —
158.087 – 1772812800

Trading Signals: FOREX – USD – USD/JPY – JPY – Bullish Engulfing – – – – – – – – –