USD/JPY – 30M – BUY

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

A continuation of the bullish trend upwards to the next resistance level at 159.223 is certain.

Caution: A possible trend reversal in the direction of support at 155.523 could happen.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The currency pair could go up.

And also a ‘Three Outside Up’ candle chart pattern is existing. The candles show ‘Three Outside Up’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

156.079 – 155.784 – 155.509 – 155.523 – 155.302 – 154.547 —
156.28700 – 156.33200 —
74.935246298668 – 66.999175534917 —
– —
156.079 – 1770134400

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