USD/JPY – 30M – BUY

In addition a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which could be a positive chart signal. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 156.99968 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance line at 157.295 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Northern Doji’ candlestick chart pattern is detected. The chart forms ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

157.295 – 156.998 – 156.992 – 156.696 – 156.514 – 155.918 —
157.04400 – 156.77000 —
48.945492367279 – 34.22075262954 —
– —
157.29500 – 1767594600

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