USD/JPY – 30M – BUYCorrection of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 159.037268 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 159.452 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Northern Doji’ candlestick chart pattern is detected. The candles show ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 159.452 |
| Current Price | 158.53100 |
| Next Low | 157.889 |
| 2nd Low | 157.669 |
| 3rd Low | 157.514 |
159.452 – 159.188 – 159.046 – 158.578 – 157.889 – 157.669 —
158.34900 – 158.47800 —
23.639343914912 – 45.16715495781 —
– —
159.45200 – 1768361400
Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji – – – – – – – – –