USD/JPY – 30M – BUYIn addition a ‘MACD crosses above signal’ indicator layout is discovered. The indicator shows ‘MACD crosses above signal’. this is usually a bullish chart scenario. The pair is likely to go up.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 156.605 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance zone at 157.295 could occur.
Consider stop-loss settings accordingly.
In addition a ‘Northern Doji’ candlestick chart pattern is existing. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 157.76 |
| 2nd High | 157.569 |
| Next High | 157.295 |
| Current Price | 156.38400 |
| Next Low | 155.918 |
| 2nd Low | 155.915 |
| 3rd Low | 155.753 |
157.295 – 156.998 – 156.992 – 156.696 – 156.514 – 155.918 —
156.45200 – 156.23800 —
31.333399421992 – 32.83835805844 —
– —
157.29500 – 1767594600
Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji – – – – – – – – –