USD/JPY – 1H – BUY

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

A continuation of the bullish trend up to the next resistance line at 159.68 will continue.

Caution: A possible change in the direction of the support level at 158.566 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Three Outside Up’ candlestick pattern is found. The chart forms ‘Three Outside Up’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

159.68 – 159.234 – 158.899 – 158.566 – 157.86 – 157.271 —
159.49800 – 159.68100 —
58.001177101882 – 59.99251658136 —
– —
159.68 – 1773385200

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