USD/JPY – 30M – SELLAdditionally a ‘Double top chart pattern’ chart formation is found. The chart forms ‘Double top chart pattern’. which is a negative pattern signal. The currency pair is likely to fall.
The pair US Dollar/Japanese Yen (USD/JPY) goes from the bullish trendline down.
The bearish trend down to the next support level at 144.65000 is likely expected.
Caution: A possible change in the direction of the resistance level at 145.24300 is within the realm of possibility.
Consider stop-loss settings accordingly.
Additionally a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 146.28400 |
| 2nd High | 145.28700 |
| Next High | 145.24300 |
| Current Price | 144.72900 |
| Next Low | 144.65000 |
| 2nd Low | 144.44000 |
| 3rd Low | 144.42200 |
145.24300 – 145.15800 – 145.04400 – 144.65000 – 144.44000 – 144.42200