USD/JPY – 30M – SELL

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

A descending movement down to the next support level at 159.25 is considered certain.

Caution: A possible counter-trend in the direction of resistance at 159.743 could occur.
Consider stop-loss settings accordingly.

In addition a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair could go down.

In addition a ‘Bearish Engulfing’ candle chart pattern is found. The chart shows ‘Bearish Engulfing’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

159.743 – 159.68 – 159.428 – 159.25 – 159.003 – 159.008 —
159.13900 – 159.32500 —
32.152616470672 – 52.112495678522 —
– —
159.743 – 1773444600

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