USD/JPY – 30M – BUY

The pair US Dollar/Japanese Yen (USD/JPY) breaks through the descending trendline up.

A bullish trend upwards to the next resistance at 159.566 is likely expected.

Caution: A possible change in the direction of the support level at 158.955 should always be considered.
Consider stop-loss settings accordingly.

Additionally a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 159.595 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance zone at 159.566 should always be considered.
Consider stop-loss settings accordingly.

159.566 – 159.461 – 159.479 – 158.955 – 159.091 – 159.306 —
159.15600 – 159.55400 —
33.478391388272 – 58.262238224607 —
– —
159.566 – 1777352400

Trading Signals: FOREX – USD – USD/JPY – JPY – – – – – – – – – –