USD/JPY – 30M – SELL

The combination US Dollar/Japanese Yen (USD/JPY) jumps from the ascending trendline downwards

The bearish trend down to the next support line at 159.291 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 159.683 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair is likely to fall.

Additionally a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 159.539192 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support zone at 159.683 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Collapsing Doji Star’ candlestick pattern is found. The candles show ‘Collapsing Doji Star’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Collapsing Doji Star’ going down is 63% (Bull Market).

159.683 – 159.636 – 159.253 – 159.291 – 159.111 – 159.1 —
159.54700 – 159.66300 —
58.263633795246 – 64.779481903992 —
– —
159.683 – 1776913200

Trading Signals: FOREX – USD – USD/JPY – JPY – Collapsing Doji Star – – – – – – – – –