USD/JPY – 30M – BUY

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

A continuation of the bullish trend upwards to the next resistance at 159.223 is likely expected.

Caution: A possible trend reversal in the direction of support at 157.386 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Bullish Belt Hold’ candle pattern is discovered. The candles form ‘Bullish Belt Hold’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

158.087 – 157.899 – 157.847 – 157.386 – 157.375 – 156.898 —
158.69500 – 158.77100 —
77.89714176967 – 51.676665832802 —
– —
158.087 – 1772812800

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