USD/JPY – 30M – BUYCorrection of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 157.889988 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 158.202 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Northern Doji’ chart pattern is discovered. The chart shows ‘Northern Doji’. which is a positive signal. The pair is likely to go up. 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 | |
| 2nd High | 158.875 |
| Next High | 158.202 |
| Current Price | 158.15900 |
| Next Low | 157.669 |
| 2nd Low | 157.514 |
| 3rd Low | 157.367 |
158.202 – 158.184 – 157.069 – 157.669 – 157.514 – 157.367 —
158.15400 – 158.14800 —
64.479503787633 – 61.618548969434 —
– —
158.20200 – 1768183200
Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji – – – – – – – – –