USD/JPY – 30M – BUYAlso there is a ‘Inverted Hammer’ chart pattern is detected. The chart forms ‘Inverted Hammer’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Inverted Hammer’ going up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 154.47600 |
| 2nd High | 154.34100 |
| Next High | 153.78200 |
| Current Price | 153.57700 |
| Next Low | 153.33100 |
| 2nd Low | 153.15600 |
| 3rd Low | 151.79600 |
Trading Signals: FOREX – USD – USD/JPY – JPY – Inverted Hammer