USD/JPY – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 153.543 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 154.48600 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Three Black Crows’ candlestick chart pattern is existing. The candles show ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 155.02100 |
| 2nd High | 154.72000 |
| Next High | 154.48600 |
| Current Price | 153.76800 |
| Next Low | 153.54300 |
| 2nd Low | 153.27500 |
| 3rd Low | 152.13800 |
Trading Signals: FOREX – USD – USD/JPY – JPY – Three Black Crows