USD/JPY – 30M – BUYFurthermore a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 158.514792 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance zone at 158.899 is also possible.
Consider stop-loss settings accordingly.
Furthermore a ‘Bearish SBS White Lines’ candlestick pattern is found. The chart shows ‘Bearish SBS White Lines’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 159.452 |
| 2nd High | 159.223 |
| Next High | 158.899 |
| Current Price | 158.16900 |
| Next Low | 157.397 |
| 2nd Low | 157.271 |
| 3rd Low | 156.898 |
157.975 – 158.899 – 158.087 – 157.397 – 157.271 – 157.53 —
158.30600 – 158.23700 —
65.495187073376 – 51.402354907689 —
– —
157.975 – 1773156600
Trading Signals: FOREX – USD – USD/JPY – JPY – Bearish SBS White Lines – – – – – – – – –