USD/JPY – 30M – SELL

Next a ‘%K crosses below %D’ indicator signal is found. The indicator shows ‘%K crosses below %D’. which could be a negative signal. The pair is likely to go down.

Next a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a negative signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will continue. Current target is 155.718 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 156.387 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Northern Doji’ candlestick chart pattern is discovered. The candles form ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

156.387 – 156.577 – 156.366 – 155.979 – 156.092 – 156.234 —
156.16600 – 155.99000 —
46.391570165236 – 24.366018681611 —
– —
156.38700 – 1764347400

Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji – – – – – – – – –