USD/JPY – 1H – SELL

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

A continuation of the downward movement downwards to the next support level at 156.564 is certain.

Caution: A possible counter-trend in the direction of the resistance line at 157.299 could be enabled.
Consider stop-loss settings accordingly.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair could go down.

Furthermore a ‘StochOSC Hidden Bearish Divergence’ indicator layout is discovered. The indicator is ‘StochOSC Hidden Bearish Divergence’. which is often a bearish chart signal. The currency pair could go down.

Furthermore a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Furthermore a ‘Three Inside Down’ candlestick pattern is found. The chart forms ‘Three Inside 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 probability of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

157.299 – 157.245 – 157.326 – 156.564 – 155.495 – 155.554 —
157.18900 – 157.29600 —
51.722486365477 – 55.998556212976 —
– —
157.299 – 1777921200

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