USD/JPY – 30M – SELL

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

A continuation of the downward movement downwards to the next support level at 157.74500 is considered certain.

Caution: A possible change in the direction of the resistance level at 158.254 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

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

158.254 – 158.297 – 158.6 – 157.74500 – 157.855 – 157.466 —
157.89800 – 158.25600 —
36.884831101691 – 54.8315291229 —
157.74500 – 1769005800 —
158.25400 – 1768982400

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