USD/JPY – 30M – BUY

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

The bullish trend up to the next resistance level at 159.461 is expected.

Caution: A possible change in the direction of support at 159.011 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘StochRSI %K crosses above 0.2’ indicator layout is discovered. The indicator shows ‘StochRSI %K crosses above 0.2’. which is often a bullish chart scenario. The pair is likely to go up.

Moreover a ‘Hammer’ candle chart pattern is detected. The chart shows ‘Hammer’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Hammer’ going up is 60% (Bull Market) & 59% (Bear Market).

159.461 – 159.479 – 159.595 – 159.091 – 159.306 – 159.309 —
159.39000 – 159.13500 —
51.13521932812 – 32.222410447465 —
– —
159.461 – 1777320000

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