USD/JPY – 30M – SELL

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

A continuation of the downtrend down to the next support line at 156.092 is expected.

Caution: A possible change in the direction of resistance at 156.577 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.

And also a ‘Three Black Crows’ candlestick chart pattern is detected. The candles show ‘Three Black Crows’. which 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 Black Crows’ going down is 82%.

156.577 – 156.366 – 156.401 – 156.092 – 156.234 – 155.718 —
156.38100 – 156.27400 —
53.523022796161 – 38.670847824027 —
– —
156.57700 – 1764297000

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