USD/JPY – 30M – SELL

The currency pair US Dollar/Japanese Yen (USD/JPY) goes from the bullish trendline downwards

A descent down to the next support at 143.97200 is considered certain.

Caution: A possible counter-trend in the direction of the resistance level at 146.28400 could happen.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 144.482312 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of support at 146.28400 could happen.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Two Crows’ candle pattern is discovered. The candles show ‘Two Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

144.77000 – 144.94500 – 145.08600 – 143.97200 – 143.41700 – 142.77300

Trading Signals: FOREX – USD – USD/JPY – JPY – Two Crows