USD/JPY – 1H – SELL

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

A bearish trend downwards to the next support level at 159.309 is certain.

Caution: A possible counter-trend in the direction of the resistance line at 159.84 is also possible.
Consider stop-loss settings accordingly.

Besides a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair is likely to fall.

Besides a ‘Three Outside Down’ candlestick chart pattern is existing. The chart forms ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

159.84 – 159.636 – 159.198 – 159.309 – 159.1 – 158.549 —
159.79500 – 159.75800 —
60.136313395837 – 56.674640819925 —
– —
159.84 – 1776974400

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