USD/JPY – 4H – SELL

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

The bearish trend down to the next support line at 153.615 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 154.798 could happen.
Consider stop-loss settings accordingly.

There is also a ‘Three Outside Down’ candlestick pattern is existing. The candles form ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

154.482 – 154.444 – 153.254 – 153.615 – 152.815 – 152.957 —
154.65800 – 155.37300 —
52.244461812688 – 62.197302379108 —
– —
154.48200 – 1762214400

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