USD/JPY – 1H – SELL

And also a ‘Double bottom retreat down’ chart layout is detected. The formation shows ‘Double bottom retreat down’. this is a bearish chart scenario. The currency pair is likely to fall.

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

A continuation of the bearish trend down to the next support at 143.64800 will continue.

Caution: A possible counter-trend in the direction of the resistance line at 145.46400 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 144.1275 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 145.46400 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Two Crows’ candle chart pattern is found. The candles form ‘Two Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

144.75000 – 145.46400 – 145.28700 – 143.64800 – 142.79100 – 143.18200

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