USD/JPY – 4H – SELL

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

A descent downwards to the next support at 160.488 is expected.

Caution: A possible change in the direction of the resistance level at 162.838 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three Black Crows’ candle chart pattern is found. The chart shows ‘Three Black Crows’. which is a negative pattern signal. 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%.

162.425 – 162.838 – 161.947 – 160.488 – 161.528 – 159.538 —
162.13400 – 162.61400 —
55.845281844851 – 59.486223510926 —
– —
162.425 – 1783339200

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