USD/JPY – 1H – BUY

The currency pair US Dollar/Japanese Yen (USD/JPY) moves from the ascending trendline upwards

A continuation of the uptrend upwards to the next resistance level at 159.234 is likely expected.

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

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The currency pair is likely to rise.

Furthermore a ‘StochRSI %K crosses above 0.2’ indicator signal is detected. The indicator is ‘StochRSI %K crosses above 0.2’. which is often a bullish signal. The currency pair is likely to rise.

Furthermore a ‘Bullish Belt Hold’ candlestick chart pattern is detected. The candles show ‘Bullish Belt Hold’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

159.234 – 158.899 – 157.847 – 157.86 – 157.271 – 157.386 —
159.06800 – 158.82100 —
62.91072949357 – 48.598758585919 —
– —
159.234 – 1773284400

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