USD/JPY – 1H – SELLNext a ‘On Neck’ candle chart pattern is detected. The chart forms ‘On Neck’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘On Neck’ going down is 56% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 155.02100 |
| 2nd High | 154.72000 |
| Next High | 152.18000 |
| Current Price | 151.70400 |
| Next Low | 150.89300 |
| 2nd Low | 149.35800 |
| 3rd Low | 148.64200 |