USD/JPY – 1H – SELL

The currency pair US Dollar/Japanese Yen (USD/JPY) goes from the bearish trendline down.

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

Caution: A possible trend reversal in the direction of resistance at 156.577 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair could go down.

In addition a ‘Three Black Crows’ chart pattern is detected. The chart forms ‘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 likelyhood of ‘Three Black Crows’ going down is 82%.

156.577 – 156.734 – 157.186 – 156.092 – 155.718 – 155.651 —
156.30900 – 156.37800 —
48.255212718633 – 47.684587148256 —
– —
156.57700 – 1764295200

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