USD/JPY – 30M – SELL

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

A continuation of the downward movement down to the next support line at 157.855 will continue.

Caution: A possible reversal of the trend in the direction of resistance at 158.297 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair is likely to fall.

Additionally a ‘%K crosses below %D’ indicator layout is found. The indicator is ‘%K crosses below %D’. which could be a negative chart signal. The currency pair is likely to fall.

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

Additionally a ‘Three Outside Down’ candlestick chart pattern is existing. The chart shows ‘Three Outside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

158.297 – 158.6 – 158.279 – 157.855 – 157.466 – 157.844 —
158.07500 – 158.23400 —
43.915218767901 – 57.735731534188 —
– —
158.29700 – 1768944600

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