USD/JPY – 30M – SELL

Moreover a ‘Double bottom retreat down’ chart pattern is discovered. The chart shows ‘Double bottom retreat down’. which is a negative signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 158.061 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 158.279 could happen.
Consider stop-loss settings accordingly.

Moreover a ‘Three Outside Down’ candlestick chart pattern is found. The candles form ‘Three Outside Down’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

158.279 – 158.163 – 158.263 – 157.844 – 157.422 – 157.819 —
157.99800 – 158.60000 —
46.632366322676 – 67.840453669401 —
– —
158.27900 – 1768874400

Trading Signals: FOREX – USD – USD/JPY – JPY – Three Outside Down – Double bottom retreat down – – – – – – – –