USD/JPY – 30M – BUY

And also a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 155.526 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 156.17600 should always be considered.
Consider stop-loss settings accordingly.

And also a ‘Three Outside Down’ candlestick chart pattern is detected. The candles form ‘Three Outside Down’. 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 Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

156.17600 – 156.082 – 155.772 – 154.665 – 155.979 – 156.092 —
156.17600 – 156.01800 —
62.057538373929 – 55.684200082786 —
156.17600 – 1764694800 —
– 1764694800

Trading Signals: FOREX – USD – USD/JPY – JPY – Three Outside Down – – – – – – – – –