USD/JPY – 1H – BUY

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

A bullish movement upwards to the next resistance level at 158.899 is considered certain.

Caution: A possible trend reversal in the direction of the support zone at 157.386 could happen.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart scenario. The pair is likely to go up.

In addition a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a positive signal. The currency pair could go up.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 158.3747 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance line at 158.899 could happen.
Consider stop-loss settings accordingly.

In addition a ‘Three White Soldiers’ candlestick pattern is detected. The chart forms ‘Three White Soldiers’. this is a bullish pattern 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’ going up is 82%.

158.899 – 157.847 – 157.965 – 157.386 – 157.375 – 156.449 —
158.40500 – 157.77300 —
53.340188058351 – 38.999907510376 —
– —
158.899 – 1773036000

Trading Signals: FOREX – USD – USD/JPY – JPY – Three White Soldiers – Rising Wedge Chart Pattern – – – – – – – –