USD/JPY – 30M – SELL

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

A continuation of the bearish trend downwards to the next support line at 156.213 is certain.

Caution: A possible change in the direction of resistance at 157.656 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The pair is likely to go down.

In addition a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.

In addition a ‘Three Outside Down’ candlestick chart pattern is discovered. The candles form ‘Three Outside Down’. which is a negative pattern signal. The 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).

157.656 – 157.153 – 157.092 – 156.213 – 156.776 – 156.507 —
156.75300 – 156.76000 —
41.063721155828 – 48.988869951087 —
– —
157.656 – 1770598800

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