USD/JPY – 30M – BUY

And also a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 157.317908 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 156.798 could happen.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Northern Doji’ candlestick chart pattern is existing. The chart forms ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

156.798 – 156.962 – 157.891 – 156.197 – 156.553 – 157.108 —
156.74800 – 156.59600 —
53.010422791571 – 44.629773378099 —
– —
156.79800 – 1763951400

Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji – – – – – – – – –