USD/JPY – 1H – BUY

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The pair is likely to go up.

Moreover a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. this is usually a bullish signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Target of the current trend is 157.250072 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance zone at 156.522 is also possible.
Consider stop-loss settings accordingly.

Moreover a ‘Three White Soldiers’ candlestick chart pattern is discovered. The chart forms ‘Three White Soldiers’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.

156.522 – 157.934 – 157.299 – 156.016 – 155.036 – 157.076 —
156.33700 – 156.50800 —
45.736225401395 – 52.442226192513 —
– —
156.522 – 1778122800

Trading Signals: FOREX – USD – USD/JPY – JPY – Three White Soldiers – – – – – – – – –