USD/JPY – 1H – BUY

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

An ascent up to the next resistance line at 160.459 is considered certain.

Caution: A possible counter-trend in the direction of the support level at 159.324 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Three White Soldiers’ candlestick chart pattern is detected. The candles form ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.

160.459 – 159.844 – 159.186 – 159.324 – 159.281 – 158.365 —
159.63500 – 159.80600 —
38.712324037386 – 55.094982266339 —
– —
160.459 – 1774832400

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