USD/JPY – 1H – SELLThe currency pair US Dollar/Japanese Yen (USD/JPY) moves from the bullish trendline downwards
A bearish trend downwards to the next support at 144.17900 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 145.23100 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Three Black Crows’ candlestick pattern is detected. The candles form ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 148.02500 |
| 2nd High | 145.94700 |
| Next High | 145.23100 |
| Current Price | 146.69000 |
| Next Low | 144.17900 |
| 2nd Low | 143.44300 |
| 3rd Low | 142.67800 |
145.23100 – 144.24200 – 144.50800 – 144.17900 – 143.44300 – 142.67800 — 79.418289423478 – 67.991035591756 — 82.253653595815 – 68.061080231466 – 88.596667010557 – 79.901822513664
Trading Signals: FOREX – USD – USD/JPY – JPY – Three Black Crows – – –