USD/JPY – 30M – BUY

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

A continuation of the upward movement up to the next resistance at 160.721 will continue.

Caution: A possible trend reversal in the direction of the support zone at 159.368 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish signal. The currency pair is likely to rise.

Additionally a ‘Three Outside Up’ candlestick pattern is detected. The chart shows ‘Three Outside Up’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

159.995 – 159.993 – 159.984 – 159.368 – 159.813 – 159.652 —
159.99300 – 160.05800 —
59.007606203992 – 61.476497026108 —
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159.995 – 1780480800

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