USD/JPY – 30M – BUYFurthermore a ‘Three Outside Up’ candlestick chart pattern is detected. The candles form ‘Three Outside Up’. which 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 ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
Furthermore a ‘Double top chart pattern’ chart layout is existing. The chart picture forms ‘Double top chart pattern’. this is a bearish signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 143.50800 |
| 2nd High | 143.27900 |
| Next High | 142.95600 |
| Current Price | 142.32500 |
| Next Low | 142.04100 |
| 2nd Low | |
| 3rd Low |
142.95600 – 143.27900 – 143.26400 – 142.04100 – 142.59500 – 142.77900
Trading Signals: FOREX – USD – USD/JPY – JPY – Three Outside Up