USD/JPY – 30M – SELLThe pair US Dollar/Japanese Yen (USD/JPY) moves from the ascending trendline down.
A descent downwards to the next support at 143.97200 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 144.94500 should always be considered.
Consider stop-loss settings accordingly.
And also a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.
And also a ‘Southern Doji’ chart pattern is detected. The chart shows ‘Southern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 146.28400 |
| 2nd High | 145.08600 |
| Next High | 144.94500 |
| Current Price | 144.81500 |
| Next Low | 143.97200 |
| 2nd Low | 143.41700 |
| 3rd Low | 142.77300 |
144.77000 – 144.94500 – 145.08600 – 143.97200 – 143.41700 – 142.77300
Trading Signals: FOREX – USD – USD/JPY – JPY – Southern Doji