USD/JPY – 30M – SELL

Then a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The pair is likely to go down.

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

A continuation of the bearish trend down to the next support at 144.65000 is expected.

Caution: A possible change in the direction of the resistance line at 145.24300 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair could go down.

Then a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Then a ‘Three Outside Down’ candle pattern is found. The candles show ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

145.24300 – 145.15800 – 145.04400 – 144.65000 – 144.44000 – 144.42200

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