USD/JPY – 1H – BUY

Also there is a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bullish signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Current target is 156.771 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 156.577 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Northern Doji’ candle pattern is detected. The chart forms ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

156.577 – 156.734 – 157.186 – 156.092 – 155.718 – 155.651 —
156.38100 – 156.33500 —
52.85620628628 – 40.331145001096 —
– —
156.57700 – 1764295200

Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji – Double bottom chart pattern – – – – – – – –