USD/JPY – 4H – BUY

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

A continuation of the bullish trend upwards to the next resistance level at is certain.

Caution: A possible trend reversal in the direction of support at 159.538 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three Outside Up’ chart pattern is discovered. The chart shows ‘Three Outside Up’. which is a bullish 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).

160.593 – 160.39 – 160.083 – 159.538 – 159.368 – 159.096 —
161.44900 – 161.33100 —
76.507406790073 – 62.843360348472 —
– —
160.593 – 1781179200

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