USD/JPY – 4H – BUY

The currency pair US Dollar/Japanese Yen (USD/JPY) breaks through the descending trendline up.

An ascending movement up to the next resistance line at 157.965 will persist.

Caution: A possible counter-trend in the direction of support at 156.449 could occur.
Consider stop-loss settings accordingly.

There is also a ‘MACD crosses above signal’ indicator layout is discovered. The indicator shows ‘MACD crosses above signal’. which could be a positive chart scenario. The currency pair could go up.

There is also a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The pair is likely to go up.

There is also a ‘Rising Window’ candlestick pattern is discovered. The candles form ‘Rising Window’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Rising Window’ going up is 75% (Bull Market) & 72% (Bear Market).

157.965 – 156.818 – 155.638 – 156.449 – 155.534 – 153.995 —
157.77500 – 158.08700 —
62.983742521859 – 60.920054821107 —
– —
157.965 – 1772539200

Trading Signals: FOREX – USD – USD/JPY – JPY – Rising Window – – – – – – – – –