Buy USD/JPY – 30M – BUY

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will continue. Current target is 156.197 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 156.981 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Northern Doji’ chart pattern is detected. The candles show ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. 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 157.891
2nd High 157.186
Next High 156.981
Current Price 156.06100
Next Low 155.213
2nd Low 155.047
3rd Low 154.813

156.981 – 157.186 – 156.798 – 156.554 – 156.708 – 156.495 —
156.31200 – 156.08200 —
46.403192777232 – 45.233886940059 —
– —
156.98100 – 1764037800

Trading Signals:

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