USD/JPY – 30M – SELL

Then a ‘Double bottom chart pattern’ chart layout is existing. The formation shows ‘Double bottom chart pattern’. which is a bullish pattern signal. The currency pair is likely to go up.

The currency pair US Dollar/Japanese Yen (USD/JPY) jumps from the ascending trendline downwards

A bearish trend downwards to the next support at 144.65000 is expected.

Caution: A possible trend reversal in the direction of the resistance line at 145.15800 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Northern Doji’ chart pattern is found. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

145.15800 – 145.04400 – 145.28700 – 144.65000 – 144.44000 – 144.42200

Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji