USD/JPY – 30M – BUY

Moreover a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. 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 is certain. Target of the current trend is 154.087904 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 153.755 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three Outside Up’ chart pattern is existing. The candles form ‘Three Outside Up’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

153.755 – 153.546 – 153.444 – 152.638 – 152.361 – 152.265 —
152.97800 – 153.57100 —
49.686383115135 – 59.420942155693 —
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153.755 – 1770906600

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