USD/JPY – 1H – BUY

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

A continuation of the upward movement upwards to the next resistance at 159.452 will continue.

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

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The pair is likely to go up.

Besides a ‘%K crosses above %D’ indicator signal is discovered. The indicator is ‘%K crosses above %D’. which is often a bullish signal. The pair is likely to go up.

Besides a ‘Bullish Engulfing’ chart pattern is existing. The candles show ‘Bullish Engulfing’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.

159.452 – 158.202 – 157.069 – 158.1 – 158.578 – 157.514 —
158.43000 – 158.64600 —
43.77038386262 – 51.592611115685 —
– —
159.45200 – 1768359600

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