USD/JPY – 1H – BUYNext a ‘Matching Low’ candlestick pattern is existing. The candles show ‘Matching Low’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
Next a ‘Double top chart pattern’ chart layout is detected. The chart shows ‘Double top chart pattern’. which is a bearish chart scenario. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 145.50900 |
| 2nd High | 144.40300 |
| Next High | 144.32700 |
| Current Price | 142.50200 |
| Next Low | 142.35100 |
| 2nd Low | 141.96400 |
| 3rd Low | 139.88400 |
144.32700 – 144.40300 – 145.50900 – 142.79900 – 143.45500 – 144.08700
Trading Signals: FOREX – USD – USD/JPY – JPY – Matching Low