USD/JPY – 30M – SELL

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

A bearish movement downwards to the next support line at 156.16 will persist.

Caution: A possible reversal of the trend in the direction of the resistance level at 156.746 could happen.
Consider stop-loss settings accordingly.

Additionally a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair could go down.

Additionally a ‘Last Engulfing Top’ candlestick chart pattern is detected. The chart forms ‘Last Engulfing Top’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

156.746 – 156.791 – 157.295 – 156.16 – 156.112 – 156.696 —
156.62700 – 156.70100 —
53.447905808862 – 56.444958904984 —
– —
156.74600 – 1767731400

Trading Signals: FOREX – USD – USD/JPY – JPY – Last Engulfing Top – – – – – – – – –