USD/JPY – 1H – SELL

The combination US Dollar/Japanese Yen (USD/JPY) jumps from the descending trendline downwards

A continuation of the downtrend downwards to the next support line at 154.506 is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 155.539 is within the realm of possibility.
Consider stop-loss settings accordingly.

Then a ‘%K crosses below %D’ indicator layout is detected. The indicator is ‘%K crosses below %D’. which is often a bearish chart scenario. The currency pair is likely to fall.

Then a ‘Northern Doji’ candlestick pattern is discovered. The candles show ‘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 chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

155.539 – 156.176 – 156.577 – 154.506 – 155.01 – 154.665 —
154.89600 – 155.06500 —
33.417501394836 – 48.858184978281 —
– —
155.53900 – 1764824400

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