USD/JPY – 1H – BUYFurthermore a ‘Double bottom chart pattern’ chart layout is discovered. The chart picture shows ‘Double bottom chart pattern’. which is a positive chart scenario. The currency pair is likely to go up.
Furthermore a ‘Northern Doji’ candle pattern is found. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 151.207 |
| 2nd High | 150.485 |
| Next High | 148.775 |
| Current Price | 148.24100 |
| Next Low | 146.659 |
| 2nd Low | 146.573 |
| 3rd Low | 146.211 |
148.181 – 147.906 – 147.937 – 146.659 – 147.098 – 146.985 — 46.791861488595 – 51.050172387785 — 34.229963718994 – 59.284790734166 – 25.79928209243 – 38.229226534987
Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji – Double bottom chart pattern – –