USD/JPY – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Current target is 155.341 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 155.22600 could happen.
Consider stop-loss settings accordingly.
Besides a ‘Below The Stomach’ candlestick pattern is detected. The candles show ‘Below The Stomach’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Below The Stomach’ heading down is 60% (Bull Market) & 65% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 155.753 |
| 2nd High | 155.539 |
| Next High | 155.22600 |
| Current Price | 154.91900 |
| Next Low | 154.506 |
| 2nd Low | 154.413 |
| 3rd Low | 153.615 |
155.22600 – 155.539 – 155.753 – 154.506 – 155.016 – 155.01 —
155.22600 – 155.15400 —
56.909627478118 – 55.667590388829 —
155.22600 – 1764900000 —
– 1764900000
Trading Signals: FOREX – USD – USD/JPY – JPY – Below The Stomach – – – – – – – – –