USD/JPY – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 157.334 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance level at 159.223 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Bullish Belt Hold’ candlestick pattern is detected. The chart forms ‘Bullish Belt Hold’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 159.452 |
| Next High | 159.223 |
| Current Price | 157.39200 |
| Next Low | 156.776 |
| 2nd Low | 156.507 |
| 3rd Low | 156.346 |
157.153 – 157.092 – 157.334 – 156.776 – 156.507 – 156.527 —
157.09400 – 157.26300 —
55.393465547492 – 63.311229903783 —
– —
157.153 – 1770382800
Trading Signals: FOREX – USD – USD/JPY – JPY – Bullish Belt Hold – – – – – – – – –