USD/JPY – 30M – BUY

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

A continuation of the upward movement upwards to the next resistance level at 158.899 is expected.

Caution: A possible counter-trend in the direction of the support level at 157.386 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Bullish Belt Hold’ candlestick chart pattern is discovered. The candles show ‘Bullish Belt Hold’. this is a bullish signal. 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).

158.899 – 158.087 – 157.899 – 157.386 – 157.375 – 156.898 —
158.64900 – 158.50500 —
59.103256769691 – 51.400618338003 —
– —
158.899 – 1773037800

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