USD/JPY – 30M – SELL

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

A bearish movement down to the next support level at 160.072 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 160.452 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Black Crows’ candle chart pattern is discovered. The chart shows ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

160.452 – 159.786 – 159.566 – 160.072 – 159.472 – 158.955 —
160.39700 – 160.72100 —
59.019684013387 – 70.493050658752 —
– —
160.452 – 1777505400

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