USD/JPY – 30M – BUY

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

A continuation of the upward movement upwards to the next resistance level at 157.326 is considered certain.

Caution: A possible reversal of the trend in the direction of the support line at 155.495 should always be considered.
Consider stop-loss settings accordingly.

Besides a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bullish chart scenario. The pair is likely to go up.

Besides a ‘Advance Block’ candle chart pattern is existing. The chart shows ‘Advance Block’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Advance Block’ heading down is 64% (Bull Market) & 61% (Bear Market).

157.201 – 157.245 – 157.116 – 155.495 – 156.302 – 155.554 —
157.17700 – 157.29700 —
55.675572503434 – 59.813382860741 —
– —
157.201 – 1777899600

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