The pair US Dollar/Japanese Yen (USD/JPY) moves from the bearish trendline down.
A continuation of the bearish trend down to the next support level at is certain.
Caution: A possible trend reversal in the direction of the resistance level at 155.539 could happen.
Consider stop-loss settings accordingly.
Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair could go down.
Additionally a ‘%K crosses below %D’ indicator signal is existing. The indicator is ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair could go down.
Additionally a ‘%K fall below 80’ indicator signal is existing. The indicator is ‘%K fall below 80’. which is often a bearish chart signal. The currency pair could go down.
Additionally a ‘Three Black Crows’ candle pattern is detected. The chart forms ‘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 chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 156.176 |
| 2nd High | 155.753 |
| Next High | 155.539 |
| Current Price | 154.96300 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
155.539 – 155.753 – 156.176 – 154.506 – 155.016 – 155.01 —
155.05100 – 155.15900 —
55.652016353678 – 58.320329022779 —
– —
155.53900 – 1764826200
Trading Signals: FOREX – USD – USD/JPY – JPY – Three Black Crows – – – – – – – – –