USD/JPY – 1H – BUYCorrection of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 157.8725 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 159.452 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Northern Doji’ chart pattern is detected. The chart forms ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. 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 | |
| 2nd High | |
| Next High | 159.452 |
| Current Price | 158.55700 |
| Next Low | 157.514 |
| 2nd Low | 156.452 |
| 3rd Low | 156.293 |
159.452 – 158.202 – 157.069 – 158.578 – 157.514 – 156.452 —
159.20200 – 158.81100 —
63.349176559731 – 39.315724101185 —
– —
159.45200 – 1768359600
Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji – – – – – – – – –