USD/JPY – 4H – BUY

There is also a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bullish chart signal. The currency pair could go up.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is considered certain. Current target is 159.452 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 159.452 could occur.
Consider stop-loss settings accordingly.

There is also a ‘Northern Doji’ candlestick chart pattern is discovered. The candles form ‘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’ heading up is 52% (Bull Market) & 51% (Bear Market).

158.6 – 159.452 – 157.295 – 157.422 – 156.112 – 155.743 —
158.29700 – 158.48600 —
51.356651972281 – 55.477554974196 —
– —
158.60000 – 1768896000

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