USD/JPY – 30M – BUY

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

A continuation of the upward movement upwards to the next resistance at 159.97 will persist.

Caution: A possible trend reversal in the direction of support at 159.466 is within the realm of possibility.
Consider stop-loss settings accordingly.

And also a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bullish signal. The currency pair is likely to rise.

And also a ‘Latter Bottom’ candlestick pattern is discovered. The candles form ‘Latter Bottom’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Latter Bottom’ going up is 56% (Bull Market) & 51% (Bear Market).

159.927 – 159.8 – 159.707 – 159.466 – 159.569 – 159.303 —
159.87200 – 159.97300 —
55.908198084882 – 58.160550378354 —
– —
159.927 – 1775538000

Trading Signals: FOREX – USD – USD/JPY – JPY – Latter Bottom – – – – – – – – –