USD/JPY – 1H – SELL

The pair US Dollar/Japanese Yen (USD/JPY) goes from the bearish trendline down.

A continuation of the downward movement downwards to the next support line at is considered certain.

Caution: A possible trend reversal in the direction of resistance at 153.634 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair is likely to fall.

Moreover a ‘StochRSI %K falls below 0.8’ indicator signal is existing. The indicator shows ‘StochRSI %K falls below 0.8’. which is often a bearish chart signal. The currency pair is likely to fall.

Moreover a ‘Southern Doji’ candle chart pattern is found. The candles form ‘Southern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. 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).

153.634 – 153.664 – 153.755 – 152.564 – 152.361 – 152.265 —
153.56100 – 153.57800 —
59.687327613124 – 43.355438717642 —
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153.634 – 1771243200

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