USD/JPY – 30M – SELLThe currency pair US Dollar/Japanese Yen (USD/JPY) goes from the bullish trendline downwards
A bearish trend downwards to the next support at 144.43100 is considered certain.
Caution: A possible change in the direction of resistance at 146.18500 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three Black Crows’ candlestick chart pattern is found. The candles form ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 148.27600 |
| 2nd High | 147.14000 |
| Next High | 146.18500 |
| Current Price | 145.49600 |
| Next Low | 144.43100 |
| 2nd Low | 143.44100 |
| 3rd Low | 142.90100 |
146.18500 – 143.99700 – 143.45200 – 144.43100 – 143.44100 – 142.90100
Trading Signals: FOREX – USD – USD/JPY – JPY – Three Black Crows