USD/JPY – 1H – BUYThe currency pair US Dollar/Japanese Yen (USD/JPY) goes from the ascending trendline upwards
A continuation of the bullish trend up to the next resistance level at 157.334 is certain.
Caution: A possible change in the direction of support at 155.302 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Bearish SBS White Lines’ candle chart pattern is found. The chart shows ‘Bearish SBS White Lines’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 159.452 |
| 2nd High | 159.223 |
| Next High | 157.334 |
| Current Price | 156.89700 |
| Next Low | 155.302 |
| 2nd Low | 152.677 |
| 3rd Low | 152.093 |
157.334 – 156.079 – 155.784 – 155.302 – 152.677 – 152.093 —
157.33300 – 156.93200 —
68.058380959507 – 49.616736563048 —
– —
157.334 – 1770289200
Trading Signals: FOREX – USD – USD/JPY – JPY – Bearish SBS White Lines – – – – – – – – –