USD/JPY – 30M – SELL

Besides a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.

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

The bearish trend down to the next support line at 159.569 is certain.

Caution: A possible trend reversal in the direction of the resistance line at 159.927 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair is likely to fall.

Besides a ‘StochOSC Hidden Bearish Divergence’ indicator signal is found. The indicator is ‘StochOSC Hidden Bearish Divergence’. this is usually a bearish chart signal. The currency pair is likely to fall.

Besides a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

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

159.927 – 159.8 – 159.707 – 159.569 – 159.303 – 159.438 —
159.86400 – 159.86200 —
40.402006804486 – 56.606711184768 —
– —
159.927 – 1775538000

Trading Signals: FOREX – USD – USD/JPY – JPY – Three Outside Down – Rising Wedge Chart Pattern – – – – – – – –