USD/JPY – 30M – SELL

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

A descent down to the next support level at 160.113 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 160.793 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ” indicator layout is existing. The indicator is ”. which is often a bearish chart signal. The currency pair is likely to fall.

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

Next a ‘Bearish Engulfing’ chart pattern is existing. The chart shows ‘Bearish Engulfing’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

160.793 – 160.479 – 160.461 – 160.113 – 160.044 – 160.026 —
160.67800 – 160.94800 —
53.262175413378 – 72.20568731189 —
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160.793 – 1781735400

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