USD/JPY – 30M – SELL

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

The bearish trend downwards to the next support line at 160.044 is expected.

Caution: A possible trend reversal in the direction of the resistance level at 160.39 could occur.
Consider stop-loss settings accordingly.

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

Then a ‘Three Outside Down’ chart pattern is detected. The chart forms ‘Three Outside Down’. 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 success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

160.344 – 160.39 – 160.227 – 160.044 – 160.026 – 159.731 —
160.35700 – 160.45700 —
59.138590772692 – 64.807125321064 —
– —
160.344 – 1781593200

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