USD/JPY – 30M – SELL

The combination US Dollar/Japanese Yen (USD/JPY) goes from the bearish trendline downwards

A continuation of the downward movement downwards to the next support at 159.538 will continue.

Caution: A possible change in the direction of the resistance level at 160.337 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘StochRSI %K falls below 0.8’ indicator layout is found. The indicator shows ‘StochRSI %K falls below 0.8’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Besides a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 159.76377 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support line at 160.337 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Identical 3 Crows’ candlestick chart pattern is discovered. The chart forms ‘Identical 3 Crows’. 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 chance of ‘Identical 3 Crows’ heading down is 79% (Bull Market) & 72% (Bear Market).

160.337 – 160.372 – 160.593 – 159.95 – 159.538 – 160.421 —
160.23300 – 160.22700 —
48.201099222116 – 47.713882436873 —
– —
160.337 – 1781281800

Trading Signals: FOREX – USD – USD/JPY – JPY – Identical 3 Crows – – – – – – – – –