USD/JPY – 1H – BUY

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

A bullish ascent up to the next resistance at 159.895 will persist.

Caution: A possible counter-trend in the direction of the support level at 159.281 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘MACD crosses above signal’ indicator signal is discovered. The indicator is ‘MACD crosses above signal’. which could be a positive signal. The currency pair could go up.

Next a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a positive chart signal. The pair is likely to go up.

Next a ‘Three White Soldiers’ candle pattern is existing. The candles show ‘Three White Soldiers’. this is a bullish pattern 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 White Soldiers’ heading up is 82%.

159.186 – 159.653 – 159.895 – 159.281 – 158.365 – 158.014 —
159.53800 – 159.69200 —
59.029896724537 – 63.092741773438 —
– —
159.186 – 1774382400

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