USD/JPY – 4H – BUY

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

A bullish ascent upwards to the next resistance line at 159.223 is certain.

Caution: A possible reversal of the trend in the direction of the support level at 152.093 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Outside Up’ candlestick chart pattern is discovered. The chart shows ‘Three Outside Up’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance 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 —
155.87400 – 156.85100 —
66.569025609166 – 68.997518540016 —
– —
159.223 – 1769155200

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