USD/JPY – 30M – SELL

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

A descending movement downwards to the next support at 155.302 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 159.223 could occur.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair could go down.

And also a ‘Bearish Engulfing’ candle chart pattern is detected. The chart shows ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

155.784 – 155.509 – 154.757 – 155.302 – 154.547 – 153.704 —
155.87600 – 155.89100 —
70.765056500218 – 65.54885039413 —
– —
155.784 – 1770067800

Trading Signals: FOREX – USD – USD/JPY – JPY – Bearish Engulfing – – – – – – – – –