USD/JPY – 30M – SELL

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

A bearish descent down to the next support level at 157.076 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 157.836 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The pair is likely to go down.

Next a ‘Shooting Star’ candlestick chart pattern is discovered. The candles show ‘Shooting Star’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).

157.836 – 157.299 – 157.201 – 157.076 – 156.564 – 155.495 —
157.70700 – 157.91500 —
61.994995790105 – 72.768356316753 —
– —
157.836 – 1777982400

Trading Signals: FOREX – USD – USD/JPY – JPY – Shooting Star – – – – – – – – –