USD/JPY – 4H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 144.549 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of support at 150.48500 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles form ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 151.30100 |
| 2nd High | 151.20700 |
| Next High | 150.48500 |
| Current Price | 144.94700 |
| Next Low | 144.54900 |
| 2nd Low | |
| 3rd Low |
150.48500 – 151.20700 – 150.94000 – 144.54900 – 148.69800 – 148.17400
Trading Signals: FOREX – USD – USD/JPY – JPY – Three Black Crows