USD/JPY – 30M – SELL

Besides a ‘%K crosses below %D’ indicator signal is existing. The indicator shows ‘%K crosses below %D’. which is often a bearish signal. The pair is likely to go down.

Besides a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 155.915 at the Fibonacci level 0-Level. Caution: A possible change in the direction of support at 157.295 could occur.
Consider stop-loss settings accordingly.

Besides a ‘Three Outside Down’ candle pattern is detected. The candles show ‘Three Outside Down’. which is a negative 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).

157.295 – 156.998 – 156.992 – 156.696 – 156.514 – 155.918 —
156.85000 – 156.35600 —
45.098150799099 – 32.883997754532 —
– —
157.29500 – 1767594600

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