USD/JPY – 1H – BUYAlso there is a ‘Double bottom chart pattern’ chart pattern is existing. The formation shows ‘Double bottom chart pattern’. this is a bullish pattern signal. The currency pair is likely to rise.
Also there is a ‘Below The Stomach’ candlestick pattern is discovered. The chart shows ‘Below The Stomach’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Below The Stomach’ going down is 60% (Bull Market) & 65% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 151.207 |
| 2nd High | 150.485 |
| Next High | 148.775 |
| Current Price | 148.23100 |
| Next Low | 146.659 |
| 2nd Low | 146.573 |
| 3rd Low | 146.211 |
148.181 – 147.906 – 147.937 – 146.659 – 147.098 – 146.985 — 55.160116242912 – 58.265805472716 — 35.295382909108 – 9.8871970651071 – 59.601261584041 – 35.685956654102
Trading Signals: FOREX – USD – USD/JPY – JPY – Below The Stomach – Double bottom chart pattern – –