USD/JPY – 1H – BUY

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

A bullish ascent up to the next resistance level at 160.372 is certain.

Caution: A possible trend reversal in the direction of the support zone at 159.538 could occur.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive signal. The pair is likely to go up.

There is also a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a positive signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Current target is 160.34402 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance zone at 160.372 could occur.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Three White Soldiers’ candlestick pattern is discovered. The candles form ‘Three White Soldiers’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.

160.372 – 160.593 – 160.567 – 159.538 – 160.421 – 160.049 —
160.27600 – 159.97300 —
49.124156544965 – 39.209555427594 —
– —
160.372 – 1781258400

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