USD/JPY – 30M – SELL

Additionally a ‘Double bottom retreat down’ chart pattern is found. The formation shows ‘Double bottom retreat down’. this is a bearish chart scenario. The pair is likely to go down.

The pair US Dollar/Japanese Yen (USD/JPY) moves from the descending trendline downwards

A continuation of the bearish trend down to the next support level at 144.36700 will continue.

Caution: A possible trend reversal in the direction of the resistance level at 145.10900 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Additionally a ‘Northern Doji’ chart pattern is discovered. The candles form ‘Northern Doji’. this 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’ going up is 52% (Bull Market) & 51% (Bear Market).

145.02100 – 145.10900 – 144.75000 – 144.36700 – 144.39900 – 143.64800

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