USD/JPY – 30M – SELL

The combination US Dollar/Japanese Yen (USD/JPY) jumps from the ascending trendline down.

A descending movement down to the next support line at 155.047 is expected.

Caution: A possible trend reversal in the direction of the resistance level at 155.728 should always be considered.
Consider stop-loss settings accordingly.

Furthermore a ‘%K crosses below %D’ indicator layout is detected. The indicator is ‘%K crosses below %D’. which could be a negative chart signal. The pair is likely to go down.

Furthermore a ‘Three Outside Down’ candle chart pattern is discovered. The chart forms ‘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 likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

155.728 – 155.373 – 155.302 – 155.047 – 154.813 – 154.413 —
155.49500 – 155.50800 —
51.605512648098 – 54.09639758299 —
– —
155.72800 – 1763496000

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