USD/JPY – 4H – SELL

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 159.6625 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 160.593 should be noted.
Consider stop-loss settings accordingly.

Next a ‘Northern Doji’ candlestick pattern is detected. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. 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).

160.593 – 160.39 – 160.083 – 159.538 – 159.368 – 159.096 —
160.30100 – 160.15900 —
49.259444089661 – 46.30912312021 —
– —
160.593 – 1781179200

Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji – Rising Wedge Chart Pattern – – – – – – – –