USD/JPY – 30M – BUY

The currency pair US Dollar/Japanese Yen (USD/JPY) moves from the bullish trendline upwards

A continuation of the uptrend up to the next resistance line at 159.84 is expected.

Caution: A possible trend reversal in the direction of the support line at 159.309 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Bearish SBS White Lines’ candlestick chart pattern is existing. The chart forms ‘Bearish SBS White Lines’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

159.84 – 159.778 – 159.683 – 159.309 – 159.291 – 159.111 —
159.80800 – 159.79800 —
60.827324359992 – 56.689145540933 —
– —
159.84 – 1776976200

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