USD/JPY – 30M – SELLThe combination moves from the bullish trendline downwards
The bearish trend downwards to the next support level at 153.46700 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 153.94900 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Three Black Crows’ candlestick 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 probability of ‘Three Black Crows’ heading down is 78%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 154.70900 |
| Next High | 153.94900 |
| Current Price | 153.48700 |
| Next Low | 153.46700 |
| 2nd Low | 152.13800 |
| 3rd Low | 151.28200 |