USD/JPY – 1H – SELL

And also a ‘Double bottom retreat down’ chart layout is detected. The chart shows ‘Double bottom retreat down’. which is a negative pattern signal. The pair is likely to go down.

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

The bearish trend down to the next support at 144.36700 will persist.

Caution: A possible change in the direction of the resistance zone at 145.10900 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

And also a ‘Southern Doji’ candle chart pattern is detected. The chart shows ‘Southern Doji’. which is a positive pattern signal. The currency 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).

145.10900 – 144.75000 – 145.46400 – 144.36700 – 143.64800 – 142.79100

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