USD/JPY – 30M – BUYThen a ‘Double bottom retreat down’ chart pattern is existing. The chart picture shows ‘Double bottom retreat down’. this is a bearish pattern signal. The currency pair is likely to fall.
The currency pair US Dollar/Japanese Yen (USD/JPY) breaks through the bullish trendline up.
A continuation of the upward movement upwards to the next resistance at 145.22400 is expected.
Caution: A possible trend reversal in the direction of the support line at 144.73300 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 145.46400 |
| 2nd High | 145.43800 |
| Next High | 145.22400 |
| Current Price | 145.34600 |
| Next Low | 144.73300 |
| 2nd Low | 144.32200 |
| 3rd Low | 143.64800 |
145.22400 – 145.12600 – 145.43800 – 144.73300 – 144.32200 – 144.36700