USD/JPY – 4H – SELL

Next a ‘%K cross below 0.8’ indicator layout is existing. The indicator is ‘%K cross below 0.8’. which is often a bearish signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 156.922 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 159.452 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘3 Stars In The South’ candle pattern is existing. The chart shows ‘3 Stars In The South’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘3 Stars In The South’ going up is 86% (Bull Market) & 100% (Bear Market).

159.452 – 157.295 – 156.727 – 156.112 – 155.743 – 155.552 —
158.57400 – 158.62600 —
52.577217889411 – 50.527030602681 —
– —
159.45200 – 1768348800

Trading Signals: FOREX – USD – USD/JPY – JPY – 3 Stars In The South – Double top retreat up – – – – – – – –