USD/JPY – 1H – BUY

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Target of the current trend is 158.108 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance line at 157.245 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Bullish Belt Hold’ candle pattern is existing. The candles form ‘Bullish Belt Hold’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

157.245 – 157.326 – 160.721 – 155.495 – 155.554 – 158.955 —
157.20100 – 157.28200 —
54.031301439168 – 55.739007157311 —
– —
157.245 – 1777874400

Trading Signals: FOREX – USD – USD/JPY – JPY – Bullish Belt Hold – – – – – – – – –