USD/JPY – 4H – BUY

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

A continuation of the bullish trend upwards to the next resistance at 159.743 is considered certain.

Caution: A possible trend reversal in the direction of the support line at 157.271 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘MACD crosses above signal’ indicator signal is discovered. The indicator shows ‘MACD crosses above signal’. which is often a bullish chart scenario. The pair is likely to go up.

Additionally a ‘Three White Soldiers’ candlestick pattern is detected. The chart forms ‘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%.

159.743 – 158.899 – 157.965 – 157.271 – 156.449 – 155.534 —
159.49300 – 159.46600 —
51.990461903278 – 58.536519246337 —
– —
159.743 – 1773432000

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