USD/JPY – 30M – SELL

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

A continuation of the downward movement downwards to the next support level at 153.704 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 155.631 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.

Furthermore a ‘Three Black Crows’ candlestick pattern is found. The chart shows ‘Three Black Crows’. which is a negative 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’ heading down is 82%.

155.631 – 156.29 – 157.656 – 154.049 – 155.085 – 155.517 —
154.34600 – 154.51200 —
33.763142162921 – 36.264002710492 —
– —
155.631 – 1770717600

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