USD/JPY – 1H – SELLThe combination US Dollar/Japanese Yen (USD/JPY) goes from the bearish trendline down.
A continuation of the bearish trend downwards to the next support level at 152.093 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 153.534 should be noted.
Consider stop-loss settings accordingly.
Additionally a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair could go down.
Additionally a ‘Collapsing Doji Star’ candle pattern is found. The candles show ‘Collapsing Doji Star’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Collapsing Doji Star’ going down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 154.875 |
| 2nd High | 154.042 |
| Next High | 153.534 |
| Current Price | 152.97300 |
| Next Low | 152.093 |
| 2nd Low | 151.862 |
| 3rd Low | 151.537 |
153.534 – 154.042 – 154.875 – 152.093 – 153.301 – 158.235 —
153.40100 – 153.21000 —
53.719978480692 – 49.608089108538 —
– —
153.53400 – 1769691600
Trading Signals: FOREX – USD – USD/JPY – JPY – Collapsing Doji Star – – – – – – – – –