USD/JPY – 30M – SELL

And also a ‘%K crosses below %D’ indicator layout is detected. The indicator shows ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Current target is 157.491216 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 157.891 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Inverted Hammer’ candle chart pattern is detected. The candles form ‘Inverted Hammer’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Inverted Hammer’ going up is 65% (Bull Market).

156.798 – 156.962 – 157.891 – 156.495 – 156.197 – 156.553 —
156.75900 – 157.08800 —
51.299544895707 – 68.034933763049 —
– —
156.79800 – 1763951400

Trading Signals: FOREX – USD – USD/JPY – JPY – Inverted Hammer – – – – – – – – –