USD/JPY – 1H – BUY

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

A bullish ascent up to the next resistance level at 159.636 is expected.

Caution: A possible change in the direction of support at 159.1 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The currency pair could go up.

Moreover a ‘Three White Soldiers’ candlestick pattern is detected. The candles form ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.

159.636 – 159.198 – 159.528 – 159.1 – 158.549 – 157.591 —
159.77800 – 159.84000 —
62.379589268049 – 53.299455551759 —
– —
159.636 – 1776812400

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