USD/JPY – 1H – SELL

The combination US Dollar/Japanese Yen (USD/JPY) jumps from the descending trendline downwards

A continuation of the bearish trend downwards to the next support level at is considered certain.

Caution: A possible trend reversal in the direction of the resistance line at 157.295 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish signal. The pair is likely to go up.

Also there is a ‘Northern Doji’ candle chart pattern is detected. The chart shows ‘Northern Doji’. this 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 ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

157.295 – 156.998 – 156.992 – 156.16 – 156.112 – 156.559 —
156.47600 – 156.67800 —
46.162975604504 – 56.046282763475 —
– —
157.29500 – 1767592800

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