USD/JPY – 30M – SELL

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

A continuation of the bearish trend downwards to the next support at 159.091 will continue.

Caution: A possible change in the direction of the resistance level at 159.479 is also possible.
Consider stop-loss settings accordingly.

Additionally a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair is likely to fall.

Additionally a ‘Bearish Engulfing’ candlestick chart pattern is found. The candles show ‘Bearish Engulfing’. 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 ‘Bearish Engulfing’ going down is 79%.

159.479 – 159.595 – 159.838 – 159.091 – 159.306 – 159.309 —
159.24400 – 159.38400 —
43.277396128938 – 59.142075016108 —
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159.479 – 1777280400

Trading Signals: FOREX – USD – USD/JPY – JPY – Bearish Engulfing – – – – – – – – –