USD/JPY – 1H – BUY

The combination US Dollar/Japanese Yen (USD/JPY) breaks through the ascending trendline up.

A continuation of the bullish trend up to the next resistance line at 159.743 will persist.

Caution: A possible reversal of the trend in the direction of the support line at 158.564 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bullish signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will persist. Current target is 159.743 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 159.743 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three White Soldiers’ candlestick pattern is discovered. The chart shows ‘Three White Soldiers’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.

159.134 – 159.493 – 159.743 – 158.564 – 158.72 – 158.846 —
159.10700 – 159.72900 —
50.139423678129 – 69.656866562868 —
– —
159.134 – 1773802800

Trading Signals: FOREX – USD – USD/JPY – JPY – Three White Soldiers – – – – – – – – –