USD/JPY – 1H – SELL

There is also a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair could go down.

There is also a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually 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 certain. Current target is 159.1945 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support line at 159.84 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Collapsing Doji Star’ candle chart pattern is found. The chart forms ‘Collapsing Doji Star’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Collapsing Doji Star’ heading down is 63% (Bull Market).

159.84 – 159.636 – 159.198 – 159.091 – 159.309 – 159.1 —
159.45000 – 159.55100 —
55.562289090477 – 60.907631166765 —
– —
159.84 – 1776974400

Trading Signals: FOREX – USD – USD/JPY – JPY – Collapsing Doji Star – – – – – – – – –