USD/JPY – 1H – SELL

The pair US Dollar/Japanese Yen (USD/JPY) goes from the ascending trendline downwards

A bearish descent downwards to the next support at 144.36700 is likely expected.

Caution: A possible change in the direction of the resistance zone at 145.43800 could occur.
Consider stop-loss settings accordingly.

Then a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.

Then a ‘Three Black Crows’ candlestick pattern is discovered. The chart shows ‘Three Black Crows’. which 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 chance of ‘Three Black Crows’ heading down is 82%.

145.43800 – 145.10900 – 144.75000 – 144.36700 – 143.64800 – 142.79100

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