USD/JPY – 30M – SELLThe currency pair US Dollar/Japanese Yen (USD/JPY) goes from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support line at 142.67800 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 143.80000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Northern Doji’ candle pattern is existing. The chart forms ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 144.50800 |
| 2nd High | 143.93100 |
| Next High | 143.80000 |
| Current Price | 143.52700 |
| Next Low | 142.67800 |
| 2nd Low | 142.52800 |
| 3rd Low | 142.37500 |
143.80000 – 143.93100 – 144.50800 – 142.67800 – 143.43600 – 143.77800
Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji –