USD/JPY – 1H – BUY

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

A continuation of the uptrend upwards to the next resistance at 159.636 is expected.

Caution: A possible counter-trend in the direction of the support line at 159.1 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘StochRSI %K line crosses above %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart signal. The currency pair is likely to rise.

Then a ‘Three Outside Up’ candle pattern is found. The candles form ‘Three Outside Up’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

159.636 – 159.198 – 159.528 – 159.1 – 158.549 – 157.591 —
159.61400 – 159.69800 —
45.222313915152 – 55.384030603588 —
– —
159.636 – 1776812400

Trading Signals: FOREX – USD – USD/JPY – JPY – Three Outside Up – – – – – – – – –