USD/JPY – 30M – SELL

Next a ‘Rising Wedge Chart Pattern’ chart formation is found. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The pair is likely to go down.

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

A bearish movement down to the next support level at 159.569 will continue.

Caution: A possible change in the direction of the resistance line at 159.927 is within the realm of possibility.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair is likely to fall.

Next a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair is likely to fall.

Next a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 159.615 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 159.927 is within the realm of possibility.
Consider stop-loss settings accordingly.

Next a ‘Three Black Crows’ candlestick chart pattern is existing. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

159.927 – 159.8 – 159.707 – 159.569 – 159.303 – 159.438 —
159.83100 – 159.87700 —
54.921322365714 – 60.943906760846 —
– —
159.927 – 1775538000

Trading Signals: FOREX – USD – USD/JPY – JPY – Three Black Crows – Rising Wedge Chart Pattern – – – – – – – –