USD/JPY – 1H – BUY

The pair US Dollar/Japanese Yen (USD/JPY) breaks through the bearish trendline up.

An ascent up to the next resistance level at 159.303 is considered certain.

Caution: A possible counter-trend in the direction of the support zone at could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 159.479344 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance line at 159.303 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three Line Strike – Bullish’ candlestick pattern is discovered. The candles form ‘Three Line Strike – Bullish’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Line Strike – Bullish’ going up is 83% (Bear Market).

159.303 – 159.151 – 159.856 – 158.26 – 158.643 – 158.599 —
159.27200 – 159.17800 —
64.09827354331 – 54.627692727465 —
– —
159.303 – 1776355200

Trading Signals: FOREX – USD – USD/JPY – JPY – Three Line Strike – Bullish – – – – – – – – –