USD/JPY – 30M – SELLThe combination US Dollar/Japanese Yen (USD/JPY) goes from the bullish trendline downwards
A bearish trend downwards to the next support level at 148.015 is certain.
Caution: A possible counter-trend in the direction of resistance at 148.776 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Northern Doji’ candlestick chart pattern is discovered. The candles form ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 150.924 |
| 2nd High | 150.485 |
| Next High | 148.776 |
| Current Price | 148.45200 |
| Next Low | 148.015 |
| 2nd Low | 147.877 |
| 3rd Low | 146.761 |
148.776 – 148.413 – 147.107 – 148.015 – 147.877 – 146.761 — 51.890887460957 – 48.078874402858 — 2.1208501098771 – 2.1208501098771 – 3.1313824634094 – 1.9396727304607
Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji – – –