USD/JPY – 30M – BUY

The pair US Dollar/Japanese Yen (USD/JPY) breaks through the bullish trendline up.

A continuation of the uptrend upwards to the next resistance level at 161.807 is expected.

Caution: A possible change in the direction of support at 160.983 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Bearish SBS White Lines’ chart pattern is discovered. The chart shows ‘Bearish SBS White Lines’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

161.807 – 160.793 – 160.479 – 160.983 – 160.473 – 160.113 —
161.29800 – 161.39700 —
55.109016413136 – 50.622752455264 —
– —
161.807 – 1781820000

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