USD/JPY – 1H – SELL

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair is likely to fall.

In addition a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which is often a bearish chart scenario. 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 expected. Current target is 156.6535 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 157.965 could happen.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Three Black Crows’ candlestick chart pattern is detected. The candles form ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

157.965 – 157.75 – 156.231 – 157.147 – 155.534 – 155.698 —
157.47800 – 157.41000 —
48.10517337067 – 43.682395588136 —
– —
157.965 – 1772542800

Trading Signals: FOREX – USD – USD/JPY – JPY – Three Black Crows – – – – – – – – –