USD/JPY – 1H – SELL

The combination US Dollar/Japanese Yen (USD/JPY) moves from the bearish trendline down.

A continuation of the downward movement downwards to the next support at 142.79100 is considered certain.

Caution: A possible change in the direction of resistance at 144.75000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 143.996 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 144.75000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Two Crows’ candle chart pattern is detected. The chart forms ‘Two 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 likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

144.75000 – 145.46400 – 145.28700 – 142.79100 – 143.18200 – 143.97200

Trading Signals: FOREX – USD – USD/JPY – JPY – Two Crows