USD/JPY – 30M – SELLFurthermore a ‘Bearish Engulfing’ candlestick chart pattern is detected. The chart shows ‘Bearish Engulfing’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 154.48600 |
| 2nd High | 154.21600 |
| Next High | 151.94800 |
| Current Price | 150.09500 |
| Next Low | 149.08300 |
| 2nd Low | 148.86600 |
| 3rd Low | 148.84600 |
Trading Signals: FOREX – USD – USD/JPY – JPY – Bearish Engulfing