USD/JPY – 30M – SELL

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

A continuation of the downward movement downwards to the next support at is considered certain.

Caution: A possible counter-trend in the direction of resistance at 159.653 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.

Also there is a ‘Three Black Crows’ candle chart pattern is existing. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

159.653 – 159.803 – 159.895 – 158.014 – 159.013 – 158.253 —
158.60200 – 158.77600 —
48.463417902506 – 56.925401587997 —
– —
159.653 – 1774256400

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