USD/JPY – 30M – SELL

The combination US Dollar/Japanese Yen (USD/JPY) goes from the bearish trendline downwards

A continuation of the downward movement down to the next support level at 154.826 is expected.

Caution: A possible change in the direction of the resistance line at 155.638 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The pair is likely to go down.

Then a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which is often a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 154.5935 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 155.638 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Southern Doji’ chart pattern is found. The chart forms ‘Southern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

155.638 – 155.281 – 155.34 – 154.944 – 154.826 – 154.54 —
155.27200 – 155.46500 —
49.684790806247 – 56.055905907124 —
– —
155.638 – 1771585200

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