USD/JPY – 4H – SELL

The combination US Dollar/Japanese Yen (USD/JPY) jumps from the bullish trendline down.

A descending movement down to the next support level at will persist.

Caution: A possible change in the direction of resistance at 159.856 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair is likely to fall.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair is likely to fall.

Moreover a ‘MACD crosses below signal’ indicator signal is existing. The indicator shows ‘MACD crosses below signal’. which is often a bearish chart signal. The currency pair is likely to fall.

Moreover a ‘Three Outside Down’ candlestick pattern is detected. The candles show ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

159.856 – 160.028 – 160.459 – 157.884 – 158.271 – 157.504 —
159.48000 – 159.07200 —
59.798740204168 – 50.396749909309 —
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159.856 – 1776081600

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