USD/JPY – 30M – BUY

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

A bullish ascent up to the next resistance level at 144.77000 will persist.

Caution: A possible change in the direction of the support line at could be enabled.
Consider stop-loss settings accordingly.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Target of the current trend is 145.086 at the Fibonacci level 0-Level. Caution: A possible change in the direction of resistance at 144.77000 could be enabled.
Consider stop-loss settings accordingly.

Also there is a ‘Three White Soldiers’ candle chart pattern is discovered. The chart shows ‘Three White Soldiers’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.

144.77000 – 144.94500 – 145.08600 – 143.97200 – 143.41700 – 142.77300

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