USD/JPY – 1H – 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 line at 155.495 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 157.245 is also possible.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair is likely to fall.

Next a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair is likely to fall.

Next a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

Next a ‘Collapsing Doji Star’ candlestick pattern is found. The chart shows ‘Collapsing Doji Star’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Collapsing Doji Star’ going down is 63% (Bull Market).

157.245 – 157.326 – 160.721 – 155.495 – 155.554 – 158.955 —
157.00800 – 157.29900 —
50.910175238642 – 57.031848934774 —
– —
157.245 – 1777874400

Trading Signals: FOREX – USD – USD/JPY – JPY – Collapsing Doji Star – – – – – – – – –