USD/JPY – 30M – SELL

The currency pair US Dollar/Japanese Yen (USD/JPY) moves from the descending trendline down.

A continuation of the downtrend down to the next support line at 159.23 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 159.722 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The pair is likely to go down.

And also a ‘Three Inside Down’ candlestick chart pattern is found. The chart shows ‘Three Inside 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 probability of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

159.722 – 159.742 – 158.944 – 159.23 – 158.543 – 158.307 —
159.55000 – 159.71100 —
51.925548243876 – 62.56124585941 —
– —
159.722 – 1775165400

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