USD/JPY – 30M – BUYThere is also a ‘Bullish Meeting Lines’ candle chart pattern is detected. The chart forms ‘Bullish Meeting Lines’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Meeting Lines’ heading up is 56% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 158.06800 |
| 2nd High | 157.84800 |
| Next High | 157.49100 |
| Current Price | 157.19500 |
| Next Low | 156.87200 |
| 2nd Low | 156.63200 |
| 3rd Low | 156.43300 |
Trading Signals: FOREX – USD – USD/JPY – JPY – Bullish Meeting Lines