USD/JPY – 30M – SELL

The pair US Dollar/Japanese Yen (USD/JPY) moves from the bearish trendline downwards

A continuation of the downtrend down to the next support at is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 160.337 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The pair is likely to go down.

Besides a ‘Bearish Engulfing’ candle pattern is discovered. The chart forms ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

160.337 – 160.372 – 160.593 – 159.95 – 159.538 – 160.421 —
160.27600 – 160.24000 —
50.990422317141 – 49.068033893535 —
– —
160.337 – 1781281800

Trading Signals: FOREX – USD – USD/JPY – JPY – Bearish Engulfing – – – – – – – – –