USD/JPY – 30M – BUY

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

An ascending movement up to the next resistance at 159.134 is considered certain.

Caution: A possible change in the direction of support at 158.72 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘MACD-Hist Bullish Divergence’ indicator layout is detected. The indicator shows ‘MACD-Hist Bullish Divergence’. signal.

Next a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a positive chart scenario. The currency pair could go up.

Next a ‘Three Outside Up’ chart pattern is existing. The chart forms ‘Three Outside Up’. this 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’ heading up is 75% (Bull Market) & 74% (Bear Market).

159.134 – 159.493 – 159.452 – 158.72 – 158.846 – 159.25 —
158.96900 – 158.71500 —
42.60320741716 – 27.689161499651 —
– —
159.134 – 1773804600

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