USD/JPY – 30M – SELLThe combination US Dollar/Japanese Yen (USD/JPY) moves from the bearish trendline downwards
A continuation of the bearish trend down to the next support line at 152.763 will persist.
Caution: A possible change in the direction of the resistance level at 154.042 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair is likely to fall.
Additionally a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.
Additionally a ‘Three Outside Down’ candle chart pattern is existing. The candles show ‘Three Outside Down’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 159.223 |
| 2nd High | 154.875 |
| Next High | 154.042 |
| Current Price | 153.07000 |
| Next Low | 152.763 |
| 2nd Low | 152.277 |
| 3rd Low | 152.093 |
154.042 – 153.064 – 154.875 – 152.763 – 152.277 – 152.093 —
153.35600 – 153.40100 —
55.808860175917 – 53.442091828598 —
– —
154.04200 – 1769634000
Trading Signals: FOREX – USD – USD/JPY – JPY – Three Outside Down – – – – – – – – –