USD/JPY – 4H – SELL

Also there is a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. 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 is expected. Target of the current trend is 158.9815 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 159.856 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Black Crows’ candle pattern is detected. The chart shows ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

159.528 – 159.856 – 160.028 – 157.591 – 157.884 – 158.271 —
159.68300 – 159.83800 —
54.415556483336 – 61.80612130838 —
– —
159.528 – 1776412800

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