USD/JPY – 4H – SELL

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

A continuation of the downward movement down to the next support level at 155.743 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 158.6 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair is likely to fall.

Moreover a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 156.4724 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of support at 158.6 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Two Crows’ candlestick chart pattern is discovered. The chart shows ‘Two Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

158.6 – 159.452 – 157.295 – 157.422 – 156.112 – 155.743 —
158.89000 – 158.19700 —
61.370409343326 – 46.714145616663 —
– —
158.60000 – 1768896000

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