Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will continue. Current target is 156.197 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 156.981 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Northern Doji’ chart pattern is detected. The candles show ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 157.891 |
| 2nd High | 157.186 |
| Next High | 156.981 |
| Current Price | 156.06100 |
| Next Low | 155.213 |
| 2nd Low | 155.047 |
| 3rd Low | 154.813 |
156.981 – 157.186 – 156.798 – 156.554 – 156.708 – 156.495 —
156.31200 – 156.08200 —
46.403192777232 – 45.233886940059 —
– —
156.98100 – 1764037800
Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji – – – – – – – – –