USD/JPY – 1H – SELL

The pair US Dollar/Japanese Yen (USD/JPY) goes from the descending trendline downwards

A continuation of the bearish trend downwards to the next support line at 142.79100 will persist.

Caution: A possible change in the direction of the resistance line at 144.50800 could be enabled.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will persist. Current target is 143.749 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support zone at 144.50800 could be enabled.
Consider stop-loss settings accordingly.

Additionally a ‘Three Outside Down’ candlestick pattern is found. The candles form ‘Three Outside Down’. 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 success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

144.50800 – 144.94500 – 144.80500 – 143.77800 – 144.17200 – 143.74900

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