USD/JPY – 30M – SELL

The currency pair US Dollar/Japanese Yen (USD/JPY) moves from the descending trendline down.

A continuation of the downtrend downwards to the next support at 156.213 will persist.

Caution: A possible change in the direction of resistance at 157.656 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair is likely to fall.

Moreover a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.

Moreover a ‘Three Outside Down’ candlestick chart pattern is found. The chart forms ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

157.656 – 157.153 – 157.092 – 156.213 – 156.776 – 156.507 —
156.57000 – 156.74200 —
36.675199730052 – 48.092810548605 —
– —
157.656 – 1770598800

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