USD/JPY – 1H – BUY

The currency pair US Dollar/Japanese Yen (USD/JPY) goes from the bearish trendline upwards

The bullish trend up to the next resistance level at 156.29 is likely expected.

Caution: A possible counter-trend in the direction of the support level at 152.677 should always be considered.
Consider stop-loss settings accordingly.

Furthermore a ‘Three White Soldiers’ candlestick chart pattern is found. The chart forms ‘Three White Soldiers’. 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 probability of ‘Three White Soldiers’ heading up is 82%.

156.29 – 157.656 – 157.334 – 155.517 – 156.213 – 156.507 —
154.06200 – 153.31000 —
28.244163337458 – 23.284969578681 —
– —
156.29 – 1770688800

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