USD/JPY – 1H – BUY

And also a ‘%K crosses above %D’ indicator layout is existing. The indicator is ‘%K crosses above %D’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 157.015812 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance zone at 156.803 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Northern Doji’ chart pattern is found. The candles form ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

156.803 – 157.295 – 156.998 – 156.293 – 156.16 – 156.112 —
156.57900 – 156.70100 —
48.697168020808 – 56.894998619543 —
– —
156.80300 – 1767751200

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