USD/JPY – 1H – SELL

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

A continuation of the bearish trend down to the next support line at 155.718 is certain.

Caution: A possible counter-trend in the direction of resistance at 156.577 is also possible.
Consider stop-loss settings accordingly.

Besides a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bearish chart signal. The pair is likely to go down.

Besides a ‘Three Outside Down’ candle chart pattern is found. The chart shows ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

156.577 – 156.734 – 157.186 – 156.092 – 155.718 – 155.651 —
156.33500 – 156.12100 —
40.33114452101 – 43.495905137297 —
– —
156.57700 – 1764295200

Trading Signals: FOREX – USD – USD/JPY – JPY – Three Outside Down – Double bottom chart pattern – – – – – – – –