USD/JPY – 30M – SELLThe pair US Dollar/Japanese Yen (USD/JPY) moves from the descending trendline downwards
A continuation of the downward movement downwards to the next support at 151.40100 will persist.
Caution: A possible counter-trend in the direction of the resistance line at 151.94800 could occur.
Consider stop-loss settings accordingly.
And also a ‘Three Black Crows’ candle pattern is discovered. The candles show ‘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’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 154.48600 |
| 2nd High | 154.21600 |
| Next High | 151.94800 |
| Current Price | 150.14100 |
| Next Low | 151.40100 |
| 2nd Low | 150.45300 |
| 3rd Low | 149.08300 |
Trading Signals: FOREX – USD – USD/JPY – JPY – Three Black Crows