USD/JPY – 1H – SELL

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

A bearish movement down to the next support at 155.342 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 156.275 is also possible.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Outside Down’ chart pattern is detected. The candles show ‘Three Outside Down’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

156.275 – 155.042 – 155.638 – 155.342 – 154.217 – 153.995 —
155.79300 – 156.74400 —
52.696633447749 – 67.917749293275 —
– —
156.275 – 1771927200

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