USD/JPY – 30M – SELLThe combination US Dollar/Japanese Yen (USD/JPY) moves from the bullish trendline downwards
A bearish movement downwards to the next support line at 156.744 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 157.295 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ” indicator layout is detected. The indicator shows ”. which could be a negative chart scenario. The pair is likely to go down.
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And also a ‘%K crosses below %D’ indicator layout is detected. The indicator shows ‘%K crosses below %D’. which could be a negative chart scenario. The pair is likely to go down.
And also a ‘Northern Doji’ chart pattern is discovered. The candles form ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 157.76 |
| 2nd High | 157.569 |
| Next High | 157.295 |
| Current Price | 157.20900 |
| Next Low | 156.744 |
| 2nd Low | 156.452 |
| 3rd Low | 156.361 |
157.069 – 156.953 – 156.798 – 156.744 – 156.452 – 156.361 —
156.96300 – 157.23800 —
57.847972422138 – 71.441785643212 —
– —
157.06900 – 1767888000
Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji – – – – – – – – –