USD/JPY – 4H – BUYMoreover a ‘Northern Doji’ candle chart pattern is existing. The candles form ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
Moreover a ‘Double top chart pattern’ chart layout is found. The chart shows ‘Double top chart pattern’. this is a bearish signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 151.20700 |
| 2nd High | 150.48500 |
| Next High | 148.64800 |
| Current Price | 142.56600 |
| Next Low | 142.35100 |
| 2nd Low | 141.96400 |
| 3rd Low | 139.88400 |
148.64800 – 145.92000 – 144.02700 – 142.35100 – 141.96400 – 139.88400
Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji