USD/JPY – 30M – BUY

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

A continuation of the bullish trend upwards to the next resistance at 159.528 is considered certain.

Caution: A possible reversal of the trend in the direction of support at 158.791 should be noted.
Consider stop-loss settings accordingly.

Furthermore a ‘Inverted Hammer’ candlestick chart pattern is discovered. The chart shows ‘Inverted Hammer’. 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 chance of ‘Inverted Hammer’ going up is 65% (Bull Market).

159.253 – 158.99 – 158.919 – 158.791 – 158.549 – 158.726 —
159.24200 – 159.44400 —
60.860304623176 – 69.528392456616 —
– —
159.253 – 1776772800

Trading Signals: FOREX – USD – USD/JPY – JPY – Inverted Hammer – Rising Wedge Chart Pattern – – – – – – – –