USD/JPY – 30M – BUY

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

A continuation of the upward movement up to the next resistance level at 159.583 is certain.

Caution: A possible reversal of the trend in the direction of the support zone at 158.564 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bullish signal. The currency pair could go up.

Furthermore a ‘Three White Soldiers’ candlestick pattern is detected. The chart shows ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.

159.583 – 159.134 – 159.493 – 158.564 – 158.72 – 158.846 —
159.52500 – 159.44100 —
66.445434554448 – 59.359661260934 —
– —
159.583 – 1773849600

Trading Signals: FOREX – USD – USD/JPY – JPY – Three White Soldiers – Rising Wedge Chart Pattern – – – – – – – –