USD/JPY – 30M – SELL

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

A continuation of the bearish trend down to the next support line at 155.387 will persist.

Caution: A possible change in the direction of resistance at 155.984 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend will persist. Current target is 155.632184 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 155.984 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three Inside Down’ candlestick pattern is existing. The candles form ‘Three Inside Down’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

155.984 – 155.378 – 155.226 – 155.387 – 154.899 – 154.34 —
155.78400 – 155.92600 —
60.145784586457 – 61.695213264059 —
– —
155.98400 – 1765215000

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