USD/JPY – 30M – SELL

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair is likely to fall.

Moreover a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 160.0655 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 160.593 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Three Outside Down’ candlestick pattern is discovered. The chart shows ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

160.593 – 160.585 – 160.567 – 159.538 – 160.421 – 160.322 —
160.25600 – 160.36800 —
51.575658089334 – 60.094194781904 —
– —
160.593 – 1781191800

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