USD/JPY – 30M – SELL

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

A descending movement downwards to the next support line at 159.111 is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 159.636 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 159.2135 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 159.636 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Outside Down’ candlestick pattern is existing. The candles show ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to fall. 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).

159.636 – 159.253 – 158.99 – 159.111 – 159.1 – 159.011 —
159.57100 – 159.49200 —
58.149411645549 – 56.302264239837 —
– —
159.636 – 1776812400

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