USD/JPY – 30M – SELL

And also a ‘Inverse Head and Shoulder chart pattern’ chart pattern is existing. The chart picture forms ‘Inverse Head and Shoulder chart pattern’. this is a bullish signal. The currency pair is likely to go up.

The combination US Dollar/Japanese Yen (USD/JPY) jumps from the descending trendline downwards

A continuation of the downward movement down to the next support at 144.39900 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 145.28700 is within the realm of possibility.
Consider stop-loss settings accordingly.

And also a ‘Three Black Crows’ candlestick pattern is discovered. The candles form ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

145.28700 – 144.77000 – 144.94500 – 144.39900 – 143.97200 – 143.41700

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