USD/JPY – 30M – SELLThe pair US Dollar/Japanese Yen (USD/JPY) moves from the ascending trendline down.
A descent down to the next support at 155.04700 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 155.88 could happen.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Southern Doji’ chart pattern is found. The candles show ‘Southern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 156.245 |
| 2nd High | 155.975 |
| Next High | 155.88 |
| Current Price | 155.51900 |
| Next Low | 155.04700 |
| 2nd Low | 154.813 |
| 3rd Low | 154.413 |
155.373 – 155.302 – 154.74 – 155.04700 – 154.813 – 154.413 —
155.25000 – 155.66900 —
46.77242733974 – 62.524981885642 —
155.04700 – 1763485200 —
155.37300 – 1763431200
Trading Signals: FOREX – USD – USD/JPY – JPY – Southern Doji – – – – –