USD/JPY – 1H – SELL

The currency pair US Dollar/Japanese Yen (USD/JPY) jumps from the bullish trendline downwards

A descent down to the next support level at 158.26 will persist.

Caution: A possible trend reversal in the direction of the resistance line at 159.856 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘StochOSC Bearish Divergence’ indicator signal is discovered. The indicator shows ‘StochOSC Bearish Divergence’. Dieses ist oftmals ein bullisches chart signal. Das Paar wird voraussichtlich nach oben gehen.

Next a ‘Three Outside Down’ candlestick pattern is found. The chart forms ‘Three Outside Down’. which is a bearish signal. 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).

159.303 – 159.151 – 159.856 – 158.26 – 158.643 – 158.599 —
159.13800 – 159.52800 —
53.516664221416 – 68.408836076578 —
– —
159.303 – 1776355200

Trading Signals: FOREX – USD – USD/JPY – JPY – Three Outside Down – Rising Wedge Chart Pattern – – – – – – – –