USD/JPY – 30M – BUYIn addition a ‘Head and Shoulder chart pattern’ chart pattern is found. The chart forms ‘Head and Shoulder chart pattern’. which is a bearish chart scenario. The currency pair is likely to fall.
In addition a ‘Gapping Down Doji’ candle pattern is detected. The candles show ‘Gapping Down Doji’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Gapping Down Doji’ heading down is 57% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 154.875 |
| 2nd High | 154.042 |
| Next High | 153.534 |
| Current Price | 153.07300 |
| Next Low | 152.763 |
| 2nd Low | 152.277 |
| 3rd Low | 152.093 |
153.534 – 154.042 – 153.064 – 152.763 – 152.277 – 152.093 —
153.51100 – 153.10700 —
56.712847465298 – 46.43241193284 —
– —
153.53400 – 1769691600
Trading Signals: FOREX – USD – USD/JPY – JPY – Gapping Down Doji – Head and Shoulder chart pattern – – – – – – – –