USD/JPY – 4H – SELL

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

A continuation of the downtrend down to the next support level at 152.093 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 157.334 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘StochRSI %K falls below 0.8’ indicator signal is detected. The indicator shows ‘StochRSI %K falls below 0.8’. this is usually a bearish chart signal. The pair is likely to go down.

Moreover a ‘Southern Doji’ chart pattern is discovered. The candles form ‘Southern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

157.334 – 159.223 – 158.6 – 152.093 – 157.422 – 156.112 —
157.09200 – 157.65600 —
65.323971661383 – 53.637079893393 —
– —
157.334 – 1770278400

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