USD/JPY – 30M – SELL

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

A continuation of the bearish trend downwards to the next support level at 156.495 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 157.186 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘%K fall below 80’ indicator signal is found. The indicator shows ‘%K fall below 80’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Moreover a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Moreover a ‘Three Black Crows’ candle pattern is existing. The chart forms ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

157.186 – 156.798 – 156.962 – 156.708 – 156.495 – 156.197 —
156.89200 – 156.98100 —
53.904724397974 – 40.719240984663 —
– —
157.18600 – 1764003600

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