USD/JPY – 1H – BUY

The currency pair US Dollar/Japanese Yen (USD/JPY) goes from the ascending trendline up.

A continuation of the uptrend up to the next resistance level at 162.542 is expected.

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

There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive signal. The currency pair is likely to rise.

There is also a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The currency pair is likely to rise.

There is also a ‘RSI Hidden Bullish Divergence’ indicator layout is detected. The indicator is ‘RSI Hidden Bullish Divergence’. which could be a positive signal. The currency pair is likely to rise.

Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is expected. Current target is 162.542 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 162.542 could occur.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Bearish SBS White Lines’ candlestick chart pattern is existing. The chart shows ‘Bearish SBS White Lines’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

162.542 – 162.417 – 162.481 – 161.978 – 161.891 – 161.603 —
162.38800 – 162.41900 —
58.779677098903 – 45.042167428237 —
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162.542 – 1784228400

Trading Signals: FOREX – USD – USD/JPY – JPY – Bearish SBS White Lines – – – – – – – – –