USD/JPY – 30M – SELL

In addition a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Current target is 144.322 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support line at 145.46400 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart shows ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

145.46400 – 145.24300 – 145.15800 – 144.32200 – 144.65000 – 144.44000

Trading Signals: FOREX – USD – USD/JPY – JPY – Three Black Crows