USD/JPY – 30M – SELL

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

A continuation of the bearish trend down to the next support level at 149.53000 is considered certain.

Caution: A possible counter-trend in the direction of the resistance level at 150.36100 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 149.53 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support line at 150.36100 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Three Black Crows’ candlestick chart pattern is detected. The candles form ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

Download USD/JPY Signal Image

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