USD/JPY – 30M – BUY

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

A continuation of the uptrend upwards to the next resistance line at 159.234 will persist.

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

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

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend will persist. Target of the current trend is 159.234 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the resistance line at 159.234 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Bearish SBS White Lines’ candlestick pattern is detected. The chart forms ‘Bearish SBS White Lines’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

159.234 – 158.97 – 158.391 – 157.86 – 157.397 – 157.271 —
159.04800 – 158.99400 —
58.921696640315 – 43.838190062024 —
– —
159.234 – 1773284400

Trading Signals: FOREX – USD – USD/JPY – JPY – Bearish SBS White Lines – – – – – – – – –