USD/JPY – 30M – SELL

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 155.517 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support line at 157.656 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Three Outside Down’ candle chart pattern is detected. The chart shows ‘Three Outside Down’. which is a negative 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’ heading down is 69% (Bull Market) & 70% (Bear Market).

157.656 – 157.153 – 157.092 – 155.51700 – 156.213 – 156.776 —
155.76100 – 156.02900 —
25.424734279248 – 40.441971523747 —
155.51700 – 1770654600 —
157.656 – 1770598800

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