USD/JPY – 4H – SELL

The combination US Dollar/Japanese Yen (USD/JPY) moves from the bullish trendline downwards

A bearish movement downwards to the next support line at 158.955 is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 160.459 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ” indicator signal is existing. The indicator is ”. which is often a bearish chart signal. The currency pair is likely to fall.

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In addition a ‘MACD crosses below signal’ indicator signal is existing. The indicator is ‘MACD crosses below signal’. which is often a bearish chart signal. The currency pair is likely to fall.

In addition a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.

In addition a ‘Three Outside Down’ candlestick pattern is discovered. The candles show ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

159.84 – 159.528 – 159.856 – 158.955 – 157.591 – 157.884 —
159.60500 – 160.57600 —
54.125851122046 – 70.355296327597 —
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159.84 – 1776974400

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