USD/JPY – 4H – SELL

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

A descending movement down to the next support line at 157.884 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 159.856 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The pair is likely to go down.

Then a ‘Collapsing Doji Star’ candlestick pattern is discovered. The candles form ‘Collapsing Doji Star’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Collapsing Doji Star’ heading down is 63% (Bull Market).

159.856 – 160.028 – 160.459 – 157.884 – 158.271 – 157.504 —
159.15100 – 159.30300 —
50.074006579791 – 53.351643078788 —
– —
159.856 – 1776081600

Trading Signals: FOREX – USD – USD/JPY – JPY – Collapsing Doji Star – – – – – – – – –