USD/JPY – 1H – SELL

The pair US Dollar/Japanese Yen (USD/JPY) moves from the ascending trendline down.

A bearish movement down to the next support line at 153.615 is certain.

Caution: A possible trend reversal in the direction of the resistance level at 155.014 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Southern Doji’ candlestick chart pattern is existing. The chart shows ‘Southern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

154.761 – 154.742 – 155.014 – 153.615 – 153.663 – 153.888 —
155.20500 – 155.36000 —
67.699729911791 – 63.316219362219 —
– —
154.76100 – 1763121600

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