USD/JPY – 1H – BUY

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The pair is likely to go up.

Moreover a ‘MACD crosses above signal’ indicator signal is discovered. The indicator shows ‘MACD crosses above signal’. which could be a positive signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Current target is 159.522016 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 160.028 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Three White Soldiers’ chart pattern is detected. The chart forms ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.

160.028 – 159.927 – 159.828 – 157.884 – 159.466 – 159.303 —
159.07800 – 158.79100 —
62.384690662859 – 47.289683798078 —
– —
160.028 – 1775584800

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