USD/JPY – 30M – BUY

The pair US Dollar/Japanese Yen (USD/JPY) breaks through the ascending trendline upwards

A continuation of the uptrend upwards to the next resistance level at 158.087 is considered certain.

Caution: A possible trend reversal in the direction of support at 157.386 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Outside Up’ candlestick chart pattern is discovered. The candles form ‘Three Outside Up’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

158.087 – 157.899 – 157.847 – 157.386 – 157.375 – 156.898 —
158.37600 – 158.75900 —
69.892195163593 – 77.931725255591 —
– —
158.087 – 1772812800

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