USD/JPY – 30M – SELL

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

A continuation of the downward movement down to the next support line at 156.16 will continue.

Caution: A possible trend reversal in the direction of the resistance line at 156.791 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘%K crosses below %D’ indicator layout is found. The indicator is ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair is likely to fall.

Moreover a ‘Northern Doji’ candlestick chart pattern is existing. The chart forms ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

156.791 – 157.295 – 156.998 – 156.16 – 156.112 – 156.696 —
156.57800 – 156.73500 —
51.419953235675 – 63.836493738052 —
– —
156.79100 – 1767666600

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