USD/JPY – 4H – SELL

Furthermore a ‘Double bottom retreat down’ chart layout is existing. The chart forms ‘Double bottom retreat down’. this is a bearish pattern signal. The pair is likely to go down.

Furthermore a ‘MACD crosses below signal’ indicator layout is detected. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart scenario. The currency pair could go down.

Furthermore a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. 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 is expected. Target of the current trend is 156.076 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 157.76 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three Outside Down’ candlestick chart pattern is found. The candles form ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

156.727 – 157.76 – 156.952 – 155.743 – 155.552 – 154.392 —
156.88500 – 157.29500 —
56.808906327718 – 67.056851502226 —
– —
156.72700 – 1766764800

Trading Signals: FOREX – USD – USD/JPY – JPY – Three Outside Down – Double bottom retreat down – – – – – – – –