USD/JPY – 1H – SELL

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. 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. Current target is 155.753 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 157.186 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

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

157.186 – 157.891 – 155.728 – 156.197 – 155.213 – 154.813 —
156.94400 – 156.95400 —
55.027210563154 – 53.697537553564 —
– —
157.18600 – 1764003600

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