USD/JPY – 30M – SELLThe combination US Dollar/Japanese Yen (USD/JPY) moves from the bullish trendline downwards
A descent downwards to the next support level at 156.01700 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 158.06800 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Bearish Harami’ chart pattern is existing. The chart shows ‘Bearish Harami’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 158.08100 |
| Next High | 158.06800 |
| Current Price | 157.36500 |
| Next Low | 156.01700 |
| 2nd Low | 155.94900 |
| 3rd Low | 153.33100 |
Trading Signals: FOREX – USD – USD/JPY – JPY – Bearish Harami