USD/JPY – 30M – SELL

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

A continuation of the bearish trend down to the next support at 156.163 will persist.

Caution: A possible reversal of the trend in the direction of the resistance zone at 156.985 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair could go down.

Also there is a ‘Bearish Engulfing’ candle chart pattern is found. The candles form ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

156.985 – 156.522 – 156.508 – 156.163 – 156.016 – 156.019 —
156.97400 – 156.89600 —
62.07614162842 – 55.57016865977 —
– —
156.985 – 1778211000

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