USD/JPY – 30M – BUY

The currency pair US Dollar/Japanese Yen (USD/JPY) moves from the ascending trendline up.

A continuation of the bullish trend upwards to the next resistance line at 159.838 is expected.

Caution: A possible trend reversal in the direction of the support line at should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish signal. The pair is likely to go up.

Furthermore a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish signal. The pair is likely to go up.

Furthermore a ‘Bearish SBS White Lines’ chart pattern is detected. The chart shows ‘Bearish SBS White Lines’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

159.838 – 159.84 – 159.778 – 159.309 – 159.291 – 159.111 —
159.71000 – 159.67200 —
45.207291660136 – 25.339597988036 —
– —
159.838 – 1777012200

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