USD/JPY – 1H – BUY

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Current target is 158.437 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance zone at 158.163 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Northern Doji’ candlestick pattern is discovered. The candles show ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

158.163 – 158.876 – 159.452 – 157.422 – 157.968 – 158.1 —
158.10300 – 158.27900 —
51.257093180743 – 45.472213714696 —
– —
158.16300 – 1768820400

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