USD/JPY – 1H – SELL

And also a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which is often a bearish chart signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 158.015674 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of support at 159.653 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Collapsing Doji Star’ candle pattern is discovered. The candles show ‘Collapsing Doji Star’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Collapsing Doji Star’ heading down is 63% (Bull Market).

159.653 – 159.895 – 159.134 – 157.504 – 158.564 – 158.72 —
159.64900 – 158.76500 —
58.384590222994 – 41.739844042244 —
– —
159.653 – 1774256400

Trading Signals: FOREX – USD – USD/JPY – JPY – Collapsing Doji Star – – – – – – – – –