USD/JPY – 30M – BUY

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

A continuation of the upward movement upwards to the next resistance level at 156.851 is certain.

Caution: A possible change in the direction of the support level at 155.523 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘StochRSI %K line crosses above %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish chart signal. The pair is likely to go up.

Furthermore a ‘Three Outside Up’ chart pattern is detected. The candles form ‘Three Outside Up’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

156.851 – 156.079 – 155.784 – 155.523 – 155.302 – 154.547 —
156.76000 – 156.62700 —
52.355254415356 – 49.015317523538 —
– —
156.851 – 1770210000

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