USD/JPY – 30M – SELL

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

A continuation of the downward movement downwards to the next support at 162.309 is likely expected.

Caution: A possible change in the direction of resistance at 162.471 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 162.2165 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 162.471 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Black Crows’ candlestick chart pattern is detected. The chart shows ‘Three Black Crows’. this is a bearish pattern 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’ going down is 82%.

162.471 – 162.542 – 162.278 – 162.309 – 161.978 – 161.891 —
162.46600 – 162.41700 —
59.16411079089 – 52.854017051259 —
– —
162.471 – 1784262600

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