USD/JPY – 1H – SELLThen a ‘Bearish Belt Hold’ candlestick chart pattern is detected. The candles form ‘Bearish Belt Hold’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
Then a ‘Double top chart pattern’ chart layout is discovered. The chart picture forms ‘Double top chart pattern’. which is a negative pattern signal. The currency pair is likely to fall.
Then a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 151.20700 |
| 2nd High | 150.48500 |
| Next High | 148.27600 |
| Current Price | 144.07100 |
| Next Low | 143.99300 |
| 2nd Low | |
| 3rd Low |
148.27600 – 148.14700 – 147.43000 – 143.99300 – 144.81500 – 144.54900
Trading Signals: FOREX – USD – USD/JPY – JPY – Bearish Belt Hold