USD/JPY – 30M – SELL

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 155.97949 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 156.734 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three Outside Down’ candlestick chart pattern is discovered. The candles form ‘Three Outside Down’. which is a bearish pattern signal. 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).

156.734 – 156.371 – 156.981 – 156.285 – 155.651 – 155.8 —
156.50800 – 156.44500 —
53.553635915729 – 50.995876968118 —
– —
156.73400 – 1764172800

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