USD/JPY – 30M – SELL

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

A continuation of the downtrend downwards to the next support at 144.44000 is considered certain.

Caution: A possible counter-trend in the direction of resistance at 145.04400 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.

Additionally a ‘Three Outside Down’ candle chart pattern is discovered. The candles show ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

145.04400 – 145.28700 – 144.77000 – 144.44000 – 144.42200 – 144.39900

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