USD/JPY – 30M – SELL

The combination US Dollar/Japanese Yen (USD/JPY) moves from the bullish trendline downwards

A bearish movement downwards to the next support level at 146.21100 will continue.

Caution: A possible counter-trend in the direction of resistance at 147.96100 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.

Additionally a ‘Three Black Crows’ candlestick chart pattern is found. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

147.96100 – 147.51100 – 145.23100 – 146.21100 – 144.43000 – 144.17900 — 46.329468979709 – 42.617994204184 — 0 – 0 – 2.2700899332753 – 1.1350449666376

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