Buy USD/JPY – 30M – BUY

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 142.061214 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 143.89300 should be noted.
Consider stop-loss settings accordingly.

There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The currency pair is likely to fall.

There is also a ‘Southern Doji’ candlestick pattern is existing. The chart forms ‘Southern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

Support & Resistance Price Range*
3rd High 144.07800
2nd High 144.02700
Next High 143.89300
Current Price 142.69900
Next Low
2nd Low
3rd Low

143.89300 – 143.87500 – 144.02700 – 143.28500 – 143.22100 – 142.27500

Download USD/JPY Signal Image

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