USD/JPY – 30M – SELL

Also there is a ‘Double bottom retreat down’ chart pattern is detected. The chart picture forms ‘Double bottom retreat down’. which is a negative chart scenario. The pair is likely to go down.

The currency pair US Dollar/Japanese Yen (USD/JPY) goes from the ascending trendline downwards

A bearish trend down to the next support level at 156.452 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 156.953 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Northern Doji’ candlestick chart pattern is detected. The candles form ‘Northern Doji’. which is a bullish chart scenario. 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).

156.953 – 156.798 – 156.803 – 156.452 – 156.361 – 156.293 —
156.75600 – 157.06800 —
55.021272404421 – 65.251469440997 —
– —
156.95300 – 1767844800

Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji – Double bottom retreat down – – – – – – – –