USD/JPY – 30M – SELL

The currency pair US Dollar/Japanese Yen (USD/JPY) goes from the bullish trendline down.

A descending movement downwards to the next support line at 144.44000 will persist.

Caution: A possible reversal of the trend in the direction of the resistance line at 145.28700 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Northern Doji’ chart pattern is discovered. The candles form ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

145.28700 – 144.77000 – 144.94500 – 144.44000 – 144.42200 – 144.39900

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