USD/JPY – 1H – BUY

The currency pair US Dollar/Japanese Yen (USD/JPY) breaks through the bearish trendline upwards

The bullish trend upwards to the next resistance level at 157.934 is certain.

Caution: A possible reversal of the trend in the direction of the support level at 155.495 could occur.
Consider stop-loss settings accordingly.

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 156.7145 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 157.934 could occur.
Consider stop-loss settings accordingly.

Then a ‘Three Outside Up’ candle pattern is discovered. The candles show ‘Three Outside Up’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

157.934 – 157.299 – 157.245 – 157.076 – 156.564 – 155.495 —
157.89000 – 156.12000 —
58.83407803029 – 27.949622854241 —
– —
157.934 – 1778029200

Trading Signals: FOREX – USD – USD/JPY – JPY – Three Outside Up – – – – – – – – –