USD/JPY – 1H – SELL

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

The bearish trend downwards to the next support line at 157.375 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 157.847 should be noted.
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 shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair could go down.

Moreover a ‘Bearish Engulfing’ candle pattern is found. The candles show ‘Bearish Engulfing’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

157.847 – 157.965 – 157.75 – 157.375 – 156.449 – 156.85 —
157.68000 – 157.98800 —
58.415407450876 – 63.070363680404 —
– —
157.847 – 1772744400

Trading Signals: FOREX – USD – USD/JPY – JPY – Bearish Engulfing – – – – – – – – –