Then a ‘Double bottom retreat down’ chart pattern is existing. The chart picture shows ‘Double bottom retreat down’. this is a bearish pattern signal. The currency pair is likely to fall.
The currency pair US Dollar/Japanese Yen (USD/JPY) breaks through the bullish trendline up.
A continuation of the upward movement upwards to the next resistance at 145.22400 is expected.
Caution: A possible trend reversal in the direction of the support line at 144.73300 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance | Price Range* |
---|---|
3rd High | 145.46400 |
2nd High | 145.43800 |
Next High | 145.22400 |
Current Price | 145.34600 |
Next Low | 144.73300 |
2nd Low | 144.32200 |
3rd Low | 143.64800 |
145.22400 – 145.12600 – 145.43800 – 144.73300 – 144.32200 – 144.36700