USD/JPY – 1H – BUY

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

A continuation of the upward movement up to the next resistance at 159.856 is considered certain.

Caution: A possible change in the direction of the support level at 158.26 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bullish chart signal. The currency pair is likely to rise.

And also a ‘Three White Soldiers’ candlestick pattern is found. The candles show ‘Three White Soldiers’. which 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%.

159.303 – 159.151 – 159.856 – 158.26 – 158.643 – 158.599 —
159.19700 – 159.46200 —
56.254359818384 – 64.943369707984 —
– —
159.303 – 1776355200

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