USD/JPY – 30M – SELL

There is also a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 159.559008 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support zone at 160.459 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Three Outside Down’ candle pattern is discovered. The candles form ‘Three Outside Down’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

160.459 – 159.975 – 159.844 – 159.324 – 159.698 – 159.45 —
159.73500 – 159.93900 —
51.549330351226 – 65.662851607835 —
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160.459 – 1774834200

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