USD/JPY – 30M – SELL

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

A continuation of the bearish trend downwards to the next support line at 156.16 is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 156.746 should always be considered.
Consider stop-loss settings accordingly.

Additionally a ‘%K crosses below %D’ indicator signal is detected. The indicator is ‘%K crosses below %D’. which could be a negative chart scenario. The pair is likely to go down.

Additionally a ‘Three Black Crows’ candlestick pattern is existing. The candles show ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

156.746 – 156.791 – 157.295 – 156.16 – 156.112 – 156.696 —
156.63800 – 156.74500 —
52.4554481505 – 58.728612628915 —
– —
156.74600 – 1767731400

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