USD/JPY – 1H – SELL

The currency pair US Dollar/Japanese Yen (USD/JPY) moves from the ascending trendline downwards

A descending movement down to the next support line at will persist.

Caution: A possible change in the direction of resistance at 157.891 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The pair is likely to go down.

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

157.891 – 155.728 – 155.373 – 156.197 – 155.213 – 154.813 —
156.75000 – 156.93000 —
47.895166060618 – 56.27064759178 —
– —
157.89100 – 1763658000

Trading Signals: FOREX – USD – USD/JPY – JPY – Three Outside Down – – – – – – – – –