USD/JPY – 1H – BUY

There is also a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which could be a positive signal. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Current target is 155.62 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance zone at 155.539 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Northern Doji’ candle pattern is found. The candles show ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. 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).

155.539 – 156.176 – 156.577 – 154.50600 – 155.01 – 154.665 —
154.77800 – 155.04000 —
31.437007105378 – 48.751457293586 —
154.50600 – 1764856800 —
155.53900 – 1764824400

Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji – – – – – – – – –