USD/JPY – 4H – SELL

The combination US Dollar/Japanese Yen (USD/JPY) moves from the bullish trendline downwards

A bearish trend down to the next support at 159.538 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 160.593 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Southern Doji’ candlestick chart pattern is detected. The chart forms ‘Southern Doji’. this is a bullish pattern signal. The pair is likely to go up. 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).

160.593 – 160.39 – 160.083 – 159.538 – 159.368 – 159.096 —
160.69700 – 161.45600 —
59.72803043355 – 65.609519836183 —
– —
160.593 – 1781179200

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