USD/JPY – 30M – BUY

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Target of the current trend is 158.108 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 157.116 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three Outside Up’ candle chart pattern is found. The chart shows ‘Three Outside Up’. which is a bullish 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 Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

157.116 – 157.326 – 160.721 – 155.495 – 156.302 – 155.554 —
156.77100 – 156.97300 —
43.030574644049 – 52.248799991866 —
– —
157.116 – 1777669200

Trading Signals: FOREX – USD – USD/JPY – JPY – Three Outside Up – – – – – – – – –