USD/JPY – 1H – SELL

Also there is a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 157.674 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 158.899 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Bearish Engulfing’ candlestick chart pattern is found. The candles show ‘Bearish Engulfing’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

158.899 – 157.847 – 157.965 – 157.271 – 157.386 – 157.375 —
157.98100 – 158.33200 —
52.224976147091 – 62.549201407989 —
– —
158.899 – 1773036000

Trading Signals: FOREX – USD – USD/JPY – JPY – Bearish Engulfing – – – – – – – – –