USD/JPY – 30M – BUY

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

An ascending movement up to the next resistance level at 159.151 will persist.

Caution: A possible trend reversal in the direction of support at 158.751 could occur.
Consider stop-loss settings accordingly.

Additionally a ” indicator signal is found. The indicator shows ”. which is often a bullish chart scenario. The pair is likely to go up.

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Additionally a ‘StochRSI %K line crosses above %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish chart scenario. The pair is likely to go up.

Additionally a ‘Bullish Belt Hold’ chart pattern is found. The candles form ‘Bullish Belt Hold’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

159.151 – 159.059 – 158.933 – 158.751 – 158.643 – 158.733 —
158.87000 – 158.80100 —
41.816531615276 – 28.274550821896 —
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159.151 – 1776265200

Trading Signals: FOREX – USD – USD/JPY – JPY – Bullish Belt Hold – – – – – – – – –