USD/JPY – 30M – SELLThe pair US Dollar/Japanese Yen (USD/JPY) moves from the descending trendline downwards
A continuation of the bearish trend down to the next support at will continue.
Caution: A possible counter-trend in the direction of the resistance line at 156.803 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The pair is likely to go down.
Additionally a ‘Three Outside Down’ candlestick pattern is discovered. The chart forms ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 157.569 |
| 2nd High | 157.295 |
| Next High | 156.803 |
| Current Price | 156.41500 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
156.803 – 156.746 – 156.791 – 156.16 – 156.112 – 156.696 —
156.71500 – 156.56900 —
52.689336643836 – 45.366520643407 —
– —
156.80300 – 1767751200
Trading Signals: FOREX – USD – USD/JPY – JPY – Three Outside Down – – – – – – – – –