USD/JPY – 30M – SELL

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

A descent down to the next support at 159.291 is considered certain.

Caution: A possible change in the direction of the resistance line at 159.683 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.

Then a ‘Three Outside Down’ candlestick pattern is found. The chart shows ‘Three Outside Down’. which is a negative 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).

159.683 – 159.636 – 159.253 – 159.291 – 159.111 – 159.1 —
159.66800 – 159.75000 —
58.826789219518 – 62.703989950984 —
– —
159.683 – 1776913200

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