USD/JPY – 1H – SELLIn addition a ‘Three Outside Down’ candlestick pattern is found. The candles show ‘Three Outside Down’. 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 success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
In addition a ‘Double top chart pattern’ chart layout is existing. The chart picture shows ‘Double top chart pattern’. this is a bearish signal. The currency pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 145.50900 |
| 2nd High | 144.40300 |
| Next High | 144.32700 |
| Current Price | 142.51800 |
| 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 – Three Outside Down