USD/JPY – 30M – SELLThe pair US Dollar/Japanese Yen (USD/JPY) goes from the bearish trendline downwards
A continuation of the downward movement down to the next support line at 142.67800 will persist.
Caution: A possible trend reversal in the direction of the resistance level at 143.93100 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Two Crows’ candlestick chart pattern is discovered. The chart forms ‘Two Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 144.94500 |
| 2nd High | 144.50800 |
| Next High | 143.93100 |
| Current Price | 143.62900 |
| Next Low | 142.67800 |
| 2nd Low | 142.52800 |
| 3rd Low | 142.37500 |
143.93100 – 144.50800 – 144.94500 – 142.67800 – 143.43600 – 143.77800