Indicators and patterns
1/3/2025
Indicators and patterns
The first indicator is an "Advance Block" pattern identified on the USD/JPY currency pair with a 15-minute timeframe. This pattern is considered bearish, suggesting a potential trend reversal to the downside. The signal generated from this pattern is to sell the USD/JPY pair at the price of 157.17999. The pattern occurred on January 3, 2025, at 18:00.The second indicator is a "MOMENTUM indicator" identified on the USD/JPY currency pair with a 30-minute timeframe. The momentum indicator is showing a bearish signal, indicating a potential downward movement in the price. The signal generated from this indicator is also to sell the USD/JPY pair at the price of 157.14999. This signal was generated on January 3, 2025, at 18:00.
In summary, both indicators are suggesting a bearish outlook for the USD/JPY pair, with signals to sell based on the patterns and momentum observed in the price movements. Traders may consider these signals as part of their decision-making process when trading the USD/JPY pair.
This is not investment advice. Remember to verify the information provided here.
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