USD/JPY – 30M – SELLThe currency pair US Dollar/Japanese Yen (USD/JPY) jumps from the bullish trendline down.
A bearish trend downwards to the next support line at 143.64800 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 145.10900 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.
Additionally a ‘Three Inside Down’ candle chart pattern is discovered. The chart forms ‘Three Inside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 146.28400 |
| 2nd High | 145.46400 |
| Next High | 145.10900 |
| Current Price | 144.53700 |
| Next Low | 143.64800 |
| 2nd Low | 142.79100 |
| 3rd Low | 142.77300 |
145.10900 – 144.75000 – 144.47900 – 143.64800 – 143.97000 – 143.85000
Trading Signals: FOREX – USD – USD/JPY – JPY – Three Inside Down