USD/JPY – 30M – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.

The currency pair US Dollar/Japanese Yen (USD/JPY) jumps from the bullish trendline down.

A bearish descent down to the next support line at 157.541 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 157.934 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ” indicator layout is discovered. The indicator is ”. which is often a bearish signal. The currency pair could go down.

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In addition 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 signal. The currency pair could go down.

In addition a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.

In addition a ‘Three Outside Down’ candle chart pattern is detected. The chart shows ‘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’ heading down is 69% (Bull Market) & 70% (Bear Market).

157.934 – 157.836 – 157.299 – 157.541 – 157.076 – 156.564 —
157.72100 – 157.87400 —
45.568861512337 – 62.049031280903 —
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157.934 – 1778029200

Trading Signals: FOREX – USD – USD/JPY – JPY – Three Outside Down – Rising Wedge Chart Pattern – – – – – – – –