USD/JPY – 1H – SELL

The combination US Dollar/Japanese Yen (USD/JPY) jumps from the ascending trendline down.

A bearish descent downwards to the next support level at 158.549 is considered certain.

Caution: A possible change in the direction of the resistance zone at 159.198 could happen.
Consider stop-loss settings accordingly.

Then a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair could go down.

Then a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.

Then a ‘Collapsing Doji Star’ candle chart pattern is detected. The candles form ‘Collapsing Doji Star’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Collapsing Doji Star’ going down is 63% (Bull Market).

159.198 – 159.528 – 159.303 – 158.549 – 157.591 – 158.26 —
158.99000 – 159.25300 —
55.718286782711 – 63.707559058974 —
– —
159.198 – 1776654000

Trading Signals: FOREX – USD – USD/JPY – JPY – Collapsing Doji Star – – – – – – – – –