USD/JPY – 30M – SELL

The currency pair US Dollar/Japanese Yen (USD/JPY) moves from the descending trendline downwards

A continuation of the downward movement downwards to the next support line at 157.422 will continue.

Caution: A possible trend reversal in the direction of the resistance line at 158.263 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The pair is likely to go down.

Next a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Next a ‘Three Black Crows’ candlestick pattern is existing. The chart forms ‘Three Black Crows’. this is a bearish signal. The 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%.

158.263 – 158.7 – 158.876 – 157.422 – 157.819 – 158.008 —
157.93400 – 158.16300 —
50.22035493708 – 49.895225102984 —
– —
158.26300 – 1768584600

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