USD/JPY – 30M – BUYIn addition a ‘Double bottom chart pattern’ chart formation is existing. The chart shows ‘Double bottom chart pattern’. which is a positive pattern signal. The currency pair is likely to go up.
In addition a ‘Below The Stomach’ candlestick chart pattern is found. The chart forms ‘Below The Stomach’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Below The Stomach’ going down is 60% (Bull Market) & 65% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 144.94500 |
| 2nd High | 144.50800 |
| Next High | 143.93100 |
| Current Price | 143.86900 |
| Next Low | 143.31800 |
| 2nd Low | 142.67800 |
| 3rd Low | 142.52800 |
143.80000 – 143.93100 – 144.50800 – 143.31800 – 142.67800 – 143.43600
Trading Signals: FOREX – USD – USD/JPY – JPY – Below The Stomach – Double bottom chart pattern