USD/JPY – 30M – SELL

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

A descending movement down to the next support line at 158.566 will continue.

Caution: A possible counter-trend in the direction of the resistance line at 159.452 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish signal. The pair is likely to go up.

Besides a ‘Two Crows’ candle pattern is found. The candles form ‘Two Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

159.234 – 158.97 – 158.391 – 158.566 – 157.86 – 157.397 —
159.38400 – 159.37000 —
72.129472179991 – 59.732169392114 —
– —
159.234 – 1773284400

Trading Signals: FOREX – USD – USD/JPY – JPY – Two Crows – – – – – – – – –