Also there is a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which could be a positive chart signal. The currency pair could 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 155.62 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance zone at 155.539 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Northern Doji’ candlestick chart pattern is existing. The candles show ‘Northern Doji’. which is a positive 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 | 156.577 |
| 2nd High | 156.176 |
| Next High | 155.539 |
| Current Price | 155.05200 |
| Next Low | 154.506 |
| 2nd Low | 153.615 |
| 3rd Low | 153.005 |
155.539 – 156.176 – 156.577 – 154.506 – 155.01 – 154.665 —
154.96100 – 155.22600 —
45.686073338372 – 46.446717117129 —
– —
155.53900 – 1764824400
Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji – – – – – – – – –