USD/JPY – 30M – SELL

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The currency pair could go down.

And also a ‘%K crosses below %D’ indicator layout is found. The indicator shows ‘%K crosses below %D’. 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 expected. Target of the current trend is 158.089788 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support line at 159.452 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Three Outside Down’ candle pattern is existing. The chart forms ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

159.452 – 159.188 – 159.046 – 158.1 – 158.578 – 157.889 —
158.59200 – 158.55600 —
51.454711199478 – 51.416278500169 —
– —
159.45200 – 1768361400

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