USD/JPY – 30M – BUYMoreover a ‘Double top chart pattern’ chart pattern is found. The chart picture shows ‘Double top chart pattern’. which is a negative chart scenario. The currency pair is likely to go down.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Current target is 144.843 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 145.24300 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 146.28400 |
| 2nd High | 145.28700 |
| Next High | 145.24300 |
| Current Price | 144.92800 |
| Next Low | 144.65000 |
| 2nd Low | 144.44000 |
| 3rd Low | 144.42200 |
145.24300 – 145.15800 – 145.04400 – 144.65000 – 144.44000 – 144.42200