USD/JPY – 30M – SELLAlso there is a ‘Bearish Meeting Lines’ candlestick pattern is existing. The candles form ‘Bearish Meeting Lines’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Meeting Lines’ heading down is 51% (Bull Market) & 53% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 151.22600 |
| 2nd High | 150.77000 |
| Next High | 150.69700 |
| Current Price | 150.03300 |
| Next Low | 149.35800 |
| 2nd Low | 148.64200 |
| 3rd Low | 148.39700 |
Trading Signals: FOREX – USD – USD/JPY – JPY – Bearish Meeting Lines