USD/JPY – 30M – SELL

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

A descending movement down to the next support level at 148.078 is expected.

Caution: A possible change in the direction of the resistance line at 148.776 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.

There is also a ‘Northern Doji’ chart pattern is existing. The candles form ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

148.776 – 148.413 – 147.107 – 148.078 – 148.015 – 147.877 — 40.817159058555 – 38.00048839754 — 63.699127906977 – 47.330883435891 – 77.000161498708 – 61.619984401111

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