USD/JPY – 1H – SELLThe pair US Dollar/Japanese Yen (USD/JPY) moves from the ascending trendline down.
A descending movement downwards to the next support line at 156.293 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 156.803 is also possible.
Consider stop-loss settings accordingly.
There is also a ‘%K crosses below %D’ indicator signal is existing. The indicator is ‘%K crosses below %D’. this is usually a bearish chart scenario. The currency pair is likely to fall.
There is also a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.
There is also a ‘Falling Window’ candlestick pattern is detected. The chart shows ‘Falling Window’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Falling Window’ going down is 67% (Bull Market) and 73% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 157.76 |
| 2nd High | 157.295 |
| Next High | 156.803 |
| Current Price | 156.66800 |
| Next Low | 156.293 |
| 2nd Low | 156.16 |
| 3rd Low | 156.112 |
156.803 – 157.295 – 156.998 – 156.293 – 156.16 – 156.112 —
156.57300 – 156.78600 —
43.375696598869 – 60.263282364935 —
– —
156.80300 – 1767751200
Trading Signals: FOREX – USD – USD/JPY – JPY – Falling Window – – – – – – – – –