USD/JPY – 30M – SELL

Also there is a ‘Double bottom retreat down’ chart formation is discovered. The chart shows ‘Double bottom retreat down’. this is a bearish pattern signal. The currency pair is likely to fall.

The currency pair US Dollar/Japanese Yen (USD/JPY) jumps from the ascending trendline down.

A bearish descent down to the next support level at 144.36700 is certain.

Caution: A possible change in the direction of the resistance line at 145.02100 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Black Crows’ chart pattern is detected. The candles show ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

145.02100 – 145.10900 – 144.75000 – 144.36700 – 144.39900 – 143.64800

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