USD/JPY – 1H – SELLAlso there is a ‘Bearish Meeting Lines’ candle pattern is detected. The candles show ‘Bearish Meeting Lines’. 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 probability of ‘Bearish Meeting Lines’ going down is 51% (Bull Market) & 53% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 151.94800 |
| 2nd High | 151.22600 |
| Next High | 150.69700 |
| Current Price | 149.99100 |
| Next Low | 149.65000 |
| 2nd Low | 148.64200 |
| 3rd Low | 148.39700 |
Trading Signals: FOREX – USD – USD/JPY – JPY – Bearish Meeting Lines