USD/JPY – 1H – SELL

There is also a ‘Three Outside Down’ candlestick chart pattern is discovered. The candles form ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

There is also a ‘Double top chart pattern’ chart layout is detected. The formation shows ‘Double top chart pattern’. which is a negative chart scenario. The currency pair is likely to fall.

148.14700 – 147.43000 – 150.48500 – 144.81500 – 144.54900 – 145.18400

Download USD/JPY Signal Image

Trading Signals: FOREX – USD – USD/JPY – JPY – Three Outside Down