USD/JPY – 30M – SELL

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

A continuation of the bearish trend down to the next support level at 159.091 is certain.

Caution: A possible trend reversal in the direction of resistance at 159.595 should always be considered.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair is likely to fall.

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

Then a ‘Three Outside Down’ candle pattern is existing. 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 probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

159.461 – 159.479 – 159.595 – 159.091 – 159.306 – 159.309 —
159.44700 – 159.53600 —
57.892376216878 – 61.172351051532 —
– —
159.461 – 1777320000

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