USD/JPY – 30M – SELL

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

A descent downwards to the next support at 155.523 is expected.

Caution: A possible trend reversal in the direction of resistance at 156.851 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The pair is likely to go down.

Furthermore a ‘Three Outside Down’ candlestick pattern is discovered. The chart forms ‘Three Outside Down’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

156.851 – 156.079 – 155.784 – 155.523 – 155.302 – 154.547 —
156.70200 – 156.73500 —
64.341202584617 – 60.612719138737 —
– —
156.851 – 1770210000

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