USD/JPY – 1H – SELLThe combination US Dollar/Japanese Yen (USD/JPY) moves from the bullish trendline downwards
A bearish movement down to the next support level at 147.074 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 152.996 could occur.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Collapsing Doji Star’ candlestick chart pattern is existing. The chart forms ‘Collapsing Doji Star’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Collapsing Doji Star’ going down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 155.518 |
| 2nd High | 154.798 |
| Next High | 152.996 |
| Current Price | 152.51900 |
| Next Low | 147.074 |
| 2nd Low | 146.599 |
| 3rd Low | 146.586 |
152.996 – 150.472 – 147.812 – 147.074 – 146.599 – 146.586 —
60.581269799482 – 53.403608498865 —
20.222421619773 – 20.222421619773 – 10.02470980373 – 16.765517010321
Trading Signals: FOREX – USD – USD/JPY – JPY – Collapsing Doji Star – Head and Shoulder chart pattern – –