USD/JPY – 1H – BUY

The currency pair US Dollar/Japanese Yen (USD/JPY) jumps from the bullish trendline upwards

A continuation of the uptrend up to the next resistance at 160.39 will continue.

Caution: A possible reversal of the trend in the direction of the support level at 159.728 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The currency pair could go up.

Moreover a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bullish chart scenario. The pair is likely to go up.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend will continue. Current target is 160.39 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of resistance at 160.39 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three White Soldiers’ candlestick chart pattern is discovered. The chart shows ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.

160.39 – 160.042 – 160.083 – 159.728 – 159.592 – 159.368 —
160.26200 – 160.19600 —
51.998962472801 – 45.475502438069 —
– —
160.39 – 1780898400

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