USD/JPY – 30M – SELL

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

A descent downwards to the next support level at 157.397 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 158.391 could happen.
Consider stop-loss settings accordingly.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair is likely to fall.

Moreover a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.

Moreover a ‘Three Outside Down’ candle chart pattern is existing. The chart shows ‘Three Outside Down’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

158.391 – 157.975 – 158.899 – 157.397 – 157.271 – 157.53 —
158.17500 – 158.48800 —
44.96145875902 – 65.876456362108 —
– —
158.391 – 1773207000

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