USD/JPY – 1H – SELLFurthermore a ‘Double top chart pattern’ chart layout is detected. The chart shows ‘Double top chart pattern’. which is a negative pattern signal. The pair is likely to go down.
The combination US Dollar/Japanese Yen (USD/JPY) goes from the bullish trendline downwards
A descent downwards to the next support at is considered certain.
Caution: A possible counter-trend in the direction of resistance at 148.77500 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair could go down.
Furthermore a ‘Falling Window’ candlestick chart pattern is discovered. The chart shows ‘Falling Window’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Falling Window’ heading down is 67% (Bull Market) and 73% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 150.48500 |
| Next High | 148.77500 |
| Current Price | 146.82100 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
148.77500 – 147.81400 – 147.89900 – 146.86700 – 146.73400 – 146.21100 — 30.318032942261 – 28.731306335704 — 18.247274279792 – 19.308951526976 – 11.444953257288 – 16.356020224794
Trading Signals: FOREX – USD – USD/JPY – JPY – Falling Window – Double top chart pattern – –