USD/JPY – 30M – SELLThe pair US Dollar/Japanese Yen (USD/JPY) moves from the bullish trendline downwards
A bearish descent down to the next support at 150.89300 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 152.18000 could occur.
Consider stop-loss settings accordingly.
Besides a ‘Three Black Crows’ candle pattern is detected. The candles show ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 154.48600 |
| 2nd High | 154.21600 |
| Next High | 152.18000 |
| Current Price | 151.43900 |
| Next Low | 150.89300 |
| 2nd Low | 149.68900 |
| 3rd Low | 149.35800 |
Trading Signals: FOREX – USD – USD/JPY – JPY – Three Black Crows