USD/JPY – 1H – BUY

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

A continuation of the uptrend upwards to the next resistance at 159.223 is expected.

Caution: A possible reversal of the trend in the direction of the support zone at 152.677 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘MACD crosses above signal’ indicator signal is existing. The indicator shows ‘MACD crosses above signal’. which could be a positive signal. The pair is likely to go up.

Furthermore a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The pair is likely to go up.

Furthermore a ‘Three White Soldiers’ candle chart pattern is detected. The candles show ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.

155.784 – 155.509 – 153.534 – 152.677 – 152.093 – 153.301 —
155.61500 – 155.57900 —
60.994955711721 – 61.307904470662 —
– —
155.78400 – 1770066000

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