USD/JPY – 4H – BUY

In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart signal. The currency pair is likely to rise.

In addition a ‘StochRSI %K line crosses above %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish chart signal. The currency pair is likely to rise.

In addition a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which could be a positive signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 157.715276 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of resistance at 159.223 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Outside Up’ candlestick pattern is existing. The chart forms ‘Three Outside Up’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

159.223 – 158.6 – 159.452 – 152.093 – 157.422 – 156.112 —
155.50900 – 155.55300 —
60.643437248498 – 61.991163979823 —
– —
159.22300 – 1769155200

Trading Signals: FOREX – USD – USD/JPY – JPY – Three Outside Up – – – – – – – – –