USD/JPY – 1H – SELL

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

A descent down to the next support line at 157.745 is expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 158.89 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair is likely to fall.

There is also a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 157.768448 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support line at 158.89 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Three Black Crows’ chart pattern is found. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The currency 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’ heading down is 82%.

158.89 – 158.297 – 158.6 – 158.235 – 157.745 – 157.466 —
158.57900 – 159.22300 —
53.92073330079 – 45.842602730036 —
– —
158.89000 – 1769072400

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