USD/JPY – 30M – SELLThe pair US Dollar/Japanese Yen (USD/JPY) jumps from the bearish trendline down.
A continuation of the downward movement downwards to the next support level at is expected.
Caution: A possible change in the direction of resistance at 145.13100 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Three Black Crows’ candlestick pattern is found. The candles form ‘Three Black Crows’. this is a bearish pattern 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%.
Also there is a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 148.27600 |
| 2nd High | 147.14000 |
| Next High | 145.13100 |
| Current Price | 142.65000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
145.13100 – 147.14000 – 148.27600 – 142.87800 – 144.00500 – 143.99300
Trading Signals: FOREX – USD – USD/JPY – JPY – Three Black Crows