USD/JPY – 1H – SELL

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

A continuation of the downward movement down to the next support line at is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 156.98500 is also possible.
Consider stop-loss settings accordingly.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair could go down.

Also there is a ‘Three Outside Down’ chart pattern is existing. The chart shows ‘Three Outside Down’. which is a negative signal. The currency pair is likely to fall. 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).

156.98500 – 156.522 – 157.934 – 156.016 – 155.036 – 157.076 —
156.98500 – 156.85200 —
64.157543668617 – 57.13722281184 —
156.98500 – 1778209200 —
– 1778209200

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