USD/JPY – 30M – BUY

Also there is a ‘Falling Wedge Chart Pattern’ chart formation is existing. The chart shows ‘Falling Wedge Chart Pattern’. this is a bullish signal. The currency pair is likely to rise.

The combination US Dollar/Japanese Yen (USD/JPY) breaks through the bearish trendline upwards

An ascending movement upwards to the next resistance at 145.10900 will continue.

Caution: A possible counter-trend in the direction of the support level at 143.64800 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The pair is likely to go up.

Also there is a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The currency pair is likely to rise.

Also there is a ‘Bullish Engulfing’ candle chart pattern is existing. The chart forms ‘Bullish Engulfing’. 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 ‘Bullish Engulfing’ going up is 63%.

145.10900 – 144.75000 – 144.47900 – 143.64800 – 143.97000 – 143.85000

Trading Signals: FOREX – USD – USD/JPY – JPY – Bullish Engulfing