USD/JPY – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will persist. Target of the current trend is 150.755 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance level at 151.30100 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Northern Doji’ candlestick chart pattern is detected. The candles form ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
Also there is a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 152.31200 |
| 2nd High | 151.95200 |
| Next High | 151.30100 |
| Current Price | 150.93000 |
| Next Low | 149.49000 |
| 2nd Low | 148.60100 |
| 3rd Low | 148.58400 |
150.75500 – 149.95200 – 149.66000 – 149.49000 – 148.60100 – 148.58400
Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji