USD/JPY – 1H – BUY

The currency pair US Dollar/Japanese Yen (USD/JPY) jumps from the ascending trendline up.

A continuation of the bullish trend upwards to the next resistance at 159.84 is considered certain.

Caution: A possible counter-trend in the direction of the support level at 159.309 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart scenario. The pair is likely to go up.

Additionally 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 scenario. The pair is likely to go up.

Additionally a ‘StochRSI Hidden Bullish Divergence’ indicator signal is found. The indicator shows ‘StochRSI Hidden Bullish Divergence’. this is usually a bullish chart scenario. The pair is likely to go up.

Additionally a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bullish chart signal. The pair is likely to go up.

Additionally a ‘Bearish SBS White Lines’ candle pattern is detected. The chart shows ‘Bearish SBS White Lines’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

159.84 – 159.636 – 159.198 – 159.309 – 159.1 – 158.549 —
159.79800 – 159.67200 —
60.083044358454 – 37.325100175988 —
– —
159.84 – 1776974400

Trading Signals: FOREX – USD – USD/JPY – JPY – Bearish SBS White Lines – – – – – – – – –