USD/JPY – 4H – SELL

Moreover a ‘Double bottom retreat down’ chart layout is found. The chart forms ‘Double bottom retreat down’. this is a bearish chart scenario. The currency pair is likely to go down.

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

A descending movement down to the next support line at 155.743 will persist.

Caution: A possible reversal of the trend in the direction of resistance at 157.76 could be enabled.
Consider stop-loss settings accordingly.

Moreover a ‘MACD crosses below signal’ indicator layout is detected. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart signal. The currency pair is likely to fall.

Moreover a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.

Moreover a ‘Three Black Crows’ candlestick pattern is existing. The candles show ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

156.727 – 157.76 – 156.952 – 155.743 – 155.552 – 154.392 —
156.94000 – 157.22900 —
62.931209699319 – 58.01317627321 —
– —
156.72700 – 1766764800

Trading Signals: FOREX – USD – USD/JPY – JPY – Three Black Crows – Double bottom retreat down – – – – – – – –