USD/JPY – 30M – BUY

And also a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which is often a bullish chart scenario. The pair is likely to go up.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 157.000322 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance level at 157.295 is also possible.
Consider stop-loss settings accordingly.

And also a ‘Northern Doji’ chart pattern is existing. The chart forms ‘Northern Doji’. which is a bullish chart scenario. 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’ heading up is 52% (Bull Market) & 51% (Bear Market).

157.295 – 156.998 – 156.992 – 156.112 – 156.696 – 156.514 —
156.24100 – 156.57000 —
32.355150804811 – 52.5180896314 —
– —
157.29500 – 1767594600

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