Buy USD/JPY – 30M – BUY

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

The bearish trend down to the next support level at 153.15600 is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 154.34100 should be noted.
Consider stop-loss settings accordingly.

Then a ‘Three Outside Down’ candle chart pattern is discovered. The chart forms ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

Support & Resistance Price Range*
3rd High 154.48600
2nd High 154.47600
Next High 154.34100
Current Price 153.61700
Next Low 153.15600
2nd Low 151.79600
3rd Low 151.00000

Download USD/JPY Signal Image

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