USD/JPY – 30M – SELL

Next a ‘Double bottom retreat down’ chart layout is detected. The formation shows ‘Double bottom retreat down’. this is a bearish pattern signal. The pair is likely to go down.

The pair US Dollar/Japanese Yen (USD/JPY) moves from the ascending trendline down.

A descent downwards to the next support line at 144.36700 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 145.02100 could be enabled.
Consider stop-loss settings accordingly.

Next a ‘Three Black Crows’ candlestick pattern is detected. The chart forms ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

145.02100 – 145.10900 – 144.75000 – 144.36700 – 144.39900 – 143.64800

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