USD/JPY – 30M – BUYIn addition a ‘%K crosses above %D’ indicator signal is existing. The indicator shows ‘%K crosses above %D’. which could be a positive chart signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Current target is 156.7035 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 156.791 could occur.
Consider stop-loss settings accordingly.
In addition a ‘Bullish Belt Hold’ candle pattern is found. The chart forms ‘Bullish Belt Hold’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 157.569 |
| 2nd High | 157.295 |
| Next High | 156.791 |
| Current Price | 156.64200 |
| Next Low | 156.16 |
| 2nd Low | 156.112 |
| 3rd Low | 155.918 |
156.791 – 157.295 – 156.998 – 156.16 – 156.112 – 156.696 —
156.45900 – 156.44000 —
52.623136397687 – 49.769370656108 —
– —
156.79100 – 1767666600
Trading Signals: FOREX – USD – USD/JPY – JPY – Bullish Belt Hold – – – – – – – – –