USD/JPY – 30M – BUY

The pair US Dollar/Japanese Yen (USD/JPY) jumps from the descending trendline upwards

A bullish trend upwards to the next resistance at 159.707 is certain.

Caution: A possible counter-trend in the direction of the support line at 159.303 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘MACD crosses above signal’ indicator layout is found. The indicator is ‘MACD crosses above signal’. this is usually a bullish signal. The pair is likely to go up.

Then a ‘RSI Bullish Divergence’ indicator layout is found. The indicator is ‘RSI Bullish Divergence’. this is usually a bullish signal. The pair is likely to go up.

Then a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bullish signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Current target is 159.5655 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance line at 159.707 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Bearish SBS White Lines’ candlestick chart pattern is detected. The chart shows ‘Bearish SBS White Lines’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

159.707 – 159.828 – 159.809 – 159.303 – 159.438 – 159.482 —
159.42300 – 159.52600 —
39.795781409627 – 40.559075321641 —
– —
159.707 – 1775469600

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