USD/JPY – 1H – SELL

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

A continuation of the bearish trend down to the next support line at 155.534 will persist.

Caution: A possible change in the direction of the resistance level at 156.429 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Southern Doji’ candlestick pattern is discovered. The chart shows ‘Southern 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 success rate of a ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

156.429 – 156.818 – 156.275 – 155.534 – 155.698 – 155.342 —
156.17300 – 156.20500 —
54.784553875931 – 51.90887091125 —
– —
156.429 – 1772136000

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