USD/JPY – 30M – SELL

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

A descending movement downwards to the next support level at 157.466 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 158.6 could occur.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.

In addition a ‘Two Crows’ chart pattern is existing. The candles form ‘Two Crows’. 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 probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

158.6 – 158.279 – 158.163 – 157.466 – 157.844 – 157.422 —
157.95700 – 158.29700 —
48.972771653498 – 63.187793485509 —
– —
158.60000 – 1768899600

Trading Signals: FOREX – USD – USD/JPY – JPY – Two Crows – – – – – – – – –