USD/JPY – 30M – BUYAdditionally a ‘Advance Block’ candle pattern is detected. The candles form ‘Advance Block’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Advance Block’ going down is 64% (Bull Market) & 61% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 158.08100 |
| Next High | 157.91300 |
| Current Price | 157.81500 |
| Next Low | 157.63000 |
| 2nd Low | 157.35000 |
| 3rd Low | 157.05500 |
Trading Signals: FOREX – USD – USD/JPY – JPY – Advance Block