USD/JPY – 30M – BUY

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

An ascent up to the next resistance level at 159.566 is likely expected.

Caution: A possible trend reversal in the direction of the support zone at 159.011 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The currency pair could go up.

Next a ‘MACD crosses above signal’ indicator signal is existing. The indicator shows ‘MACD crosses above signal’. which is often a bullish chart scenario. The currency pair could go up.

Next a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which could be a positive chart signal. The currency pair is likely to rise.

Next a ‘Three White Soldiers’ candle pattern is detected. The chart shows ‘Three White Soldiers’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.

159.566 – 159.461 – 159.479 – 159.091 – 159.306 – 159.309 —
159.53600 – 159.25400 —
61.172351070643 – 44.237221520679 —
– —
159.566 – 1777352400

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