USD/JPY – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 159.358714 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 159.84 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Bearish Harami’ chart pattern is detected. The candles show ‘Bearish Harami’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 160.028 |
| 2nd High | 159.856 |
| Next High | 159.84 |
| Current Price | 159.77600 |
| Next Low | 159.309 |
| 2nd Low | 159.1 |
| 3rd Low | 158.549 |
159.84 – 159.636 – 159.198 – 159.309 – 159.1 – 158.549 —
159.75000 – 159.79500 —
59.20078866024 – 60.136313292633 —
– —
159.84 – 1776974400
Trading Signals: FOREX – USD – USD/JPY – JPY – Bearish Harami – – – – – – – – –