USD/JPY – 30M – BUYCorrection of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Current target is 144.893 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 145.46400 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Northern Doji’ candle chart pattern is detected. The chart forms ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 147.11900 |
| 2nd High | 146.28400 |
| Next High | 145.46400 |
| Current Price | 144.63100 |
| Next Low | 144.32200 |
| 2nd Low | 143.97200 |
| 3rd Low | 143.41700 |
145.46400 – 145.24300 – 145.15800 – 144.32200 – 144.65000 – 144.44000
Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji