USD/JPY – 30M – SELL

The currency pair US Dollar/Japanese Yen (USD/JPY) jumps from the bearish trendline downwards

A continuation of the bearish trend downwards to the next support line at is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 160.337 could occur.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The currency pair is likely to fall.

Next a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair is likely to fall.

Next a ‘Two Crows’ candle pattern is existing. The chart forms ‘Two Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

160.337 – 160.372 – 160.593 – 159.73100 – 159.95 – 159.538 —
159.95500 – 160.21200 —
36.540411696644 – 56.651341702952 —
159.73100 – 1781485200 —
160.337 – 1781281800

Trading Signals: FOREX – USD – USD/JPY – JPY – Two Crows – – – – – – – – –