USD/JPY – 30M – SELL

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

A bearish movement downwards to the next support at 147.877 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 148.776 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The pair is likely to go down.

Furthermore a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which could be a negative chart signal. The pair is likely to go down.

Furthermore a ‘Three Black Crows’ candle pattern is discovered. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

148.776 – 148.413 – 147.107 – 148.078 – 148.015 – 147.877 — 32.839451028197 – 17.950170836073 — 60.999375729447 – 27.666042396113 – 67.182057748983 – 57.346050090218

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