USD/JPY – 30M – BUY

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

A continuation of the uptrend upwards to the next resistance at 160.459 will persist.

Caution: A possible counter-trend in the direction of the support line at 159.472 should be noted.
Consider stop-loss settings accordingly.

Moreover a ‘StochRSI %K crosses above 0.2’ indicator signal is existing. The indicator is ‘StochRSI %K crosses above 0.2’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Moreover a ‘Bullish Belt Hold’ candlestick pattern is detected. The chart forms ‘Bullish Belt Hold’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

159.786 – 159.566 – 159.461 – 159.472 – 158.955 – 159.091 —
160.42900 – 160.28800 —
75.031789114019 – 51.253746097344 —
– —
159.786 – 1777386600

Trading Signals: FOREX – USD – USD/JPY – JPY – Bullish Belt Hold – – – – – – – – –