USD/JPY – 30M – SELL

The combination US Dollar/Japanese Yen (USD/JPY) goes from the bullish trendline down.

A descending movement downwards to the next support at 153.549 will persist.

Caution: A possible counter-trend in the direction of the resistance line at 155.34 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Three Black Crows’ candle chart pattern is found. The chart shows ‘Three Black Crows’. which is a negative signal. 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’ heading down is 82%.

155.34 – 154.867 – 153.699 – 153.549 – 153.063 – 152.698 —
154.72000 – 155.26200 —
40.076581145974 – 57.907766955339 —
– —
155.34 – 1771488000

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