USD/JPY – 30M – BUYMoreover a ‘Double bottom chart pattern’ chart pattern is found. The formation shows ‘Double bottom chart pattern’. which is a positive signal. The currency pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 157.334 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance zone at 157.334 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 159.452 |
| 2nd High | 159.223 |
| Next High | 157.334 |
| Current Price | 157.23600 |
| Next Low | 156.776 |
| 2nd Low | 156.507 |
| 3rd Low | 156.346 |
157.153 – 157.092 – 157.334 – 156.776 – 156.507 – 156.527 —
157.12900 – 157.13800 —
56.696975637732 – 56.007672770175 —
– —
157.153 – 1770382800
Trading Signals: FOREX – USD – USD/JPY – JPY – – Double bottom chart pattern – – – – – – – –