USD/JPY – 1H – BUY

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

A continuation of the bullish trend upwards to the next resistance level at 158.899 will continue.

Caution: A possible change in the direction of the support zone at 157.271 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The pair is likely to go up.

Also there is a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The currency pair could go up.

Also there is a ‘Three Outside Up’ candle pattern is existing. The candles show ‘Three Outside Up’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

158.899 – 157.847 – 157.965 – 157.271 – 157.386 – 157.375 —
157.70400 – 158.18500 —
42.351112152177 – 57.683547061585 —
– —
158.899 – 1773036000

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