USD/JPY – 1H – BUY

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

An ascent upwards to the next resistance at 161.838 is certain.

Caution: A possible counter-trend in the direction of the support line at 161.268 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bullish signal. The currency pair could go up.

Furthermore a ‘Three White Soldiers’ candlestick pattern is detected. The candles form ‘Three White Soldiers’. this 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 White Soldiers’ going up is 82%.

161.838 – 161.736 – 161.924 – 161.268 – 161.127 – 160.473 —
161.82700 – 161.74800 —
61.012992094204 – 51.275800539454 —
– —
161.838 – 1782338400

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