USD/JPY – 30M – SELL

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

A continuation of the downtrend downwards to the next support level at is likely expected.

Caution: A possible change in the direction of the resistance line at 143.93100 is within the realm of possibility.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The currency pair could go down.

Next a ‘Three Outside Down’ candlestick chart pattern is found. The chart shows ‘Three Outside Down’. which is a negative signal. The currency 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’ heading down is 69% (Bull Market) & 70% (Bear Market).

143.93100 – 144.50800 – 144.94500 – 142.67800 – 143.43600 – 143.77800

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