USD/JPY – 1H – SELL

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

A continuation of the bearish trend down to the next support level at 159.309 is likely expected.

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

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair is likely to fall.

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

And also a ‘MACD crosses below signal’ indicator layout is discovered. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart signal. The currency pair is likely to fall.

And also a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.

And also a ‘Three Outside Down’ candlestick chart pattern is detected. The candles form ‘Three Outside Down’. which is a bearish chart scenario. 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).

159.84 – 159.636 – 159.198 – 159.309 – 159.1 – 158.549 —
159.41700 – 159.59500 —
37.117370347157 – 52.42850862215 —
– —
159.84 – 1776974400

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