USD/JPY – 30M – SELL

The combination US Dollar/Japanese Yen (USD/JPY) jumps from the bullish trendline downwards

A bearish movement down to the next support at 147.11700 is expected.

Caution: A possible trend reversal in the direction of the resistance line at 147.98400 should always be considered.
Consider stop-loss settings accordingly.

Next a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Next a ‘Three Black Crows’ candlestick chart pattern is detected. The candles show ‘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 chance of ‘Three Black Crows’ heading down is 82%.

147.98400 – 147.57900 – 147.33000 – 147.11700 – 147.08200 – 146.73400 — 53.4438971556 – 50.467904525781 — 64.039169175562 – 30.705835842229 – 76.166196715683 – 59.614436526699

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