USD/JPY – 30M – BUYAnd also a ‘Inverted Hammer’ candlestick chart pattern is existing. The chart forms ‘Inverted Hammer’. which is a positive pattern signal. The currency 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).
And also a ‘Double top chart pattern’ chart layout is found. The formation shows ‘Double top chart pattern’. this is a bearish chart scenario. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 143.08300 |
| 2nd High | 142.71300 |
| Next High | 141.07200 |
| Current Price | 140.73600 |
| Next Low | 140.46900 |
| 2nd Low | |
| 3rd Low |
141.07200 – 142.71300 – 143.08300 – 140.46900 – 142.19700 – 141.89500
Trading Signals: FOREX – USD – USD/JPY – JPY – Inverted Hammer