USD/JPY – 30M – SELLThe combination US Dollar/Japanese Yen (USD/JPY) moves from the bearish trendline down.
A continuation of the downtrend down to the next support at 156.452 is certain.
Caution: A possible change in the direction of the resistance level at 157.069 is also possible.
Consider stop-loss settings accordingly.
In addition a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.
In addition a ‘Three Black Crows’ candle chart pattern is found. The candles show ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 157.569 |
| 2nd High | 157.295 |
| Next High | 157.069 |
| Current Price | 156.84600 |
| Next Low | 156.452 |
| 2nd Low | 156.361 |
| 3rd Low | 156.293 |
157.069 – 156.953 – 156.798 – 156.452 – 156.361 – 156.293 —
156.90000 – 156.97800 —
51.658062576686 – 59.217394755488 —
– —
157.06900 – 1767888000
Trading Signals: FOREX – USD – USD/JPY – JPY – Three Black Crows – – – – – – – – –