Indicators and patterns
The first indicator is the Average Directional Index (ADX) on the USD/JPY currency pair with a 15-minute time frame. The ADX is currently showing a bearish signal, suggesting a potential downtrend in the price. The signal generated is to sell the asset at the price of 149.19501 as of December 3, 2024, at 17:45.
The second indicator is the Stochastic RSI (STOCHRSI) fast K indicator on the USD/JPY pair with a 15-minute time frame. It is also indicating a bearish signal, recommending a sell position. The signal was triggered at a price of 149.435 on December 3, 2024, at 17:30.
Both indicators are suggesting a bearish outlook for the USD/JPY pair in the short term, indicating potential opportunities to sell the asset based on their respective signals. Traders may consider these signals along with other factors to make informed trading decisions.