USD/JPY – 1H – SELL

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

A bearish descent downwards to the next support at 158.566 will continue.

Caution: A possible trend reversal in the direction of the resistance level at 159.452 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘MACD crosses below signal’ indicator layout is discovered. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart signal. The pair is likely to go down.

Moreover a ‘Three Black Crows’ candle chart pattern is detected. The candles show ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

159.234 – 158.899 – 157.847 – 158.566 – 157.86 – 157.271 —
159.19700 – 159.37000 —
63.179143918218 – 63.579169348582 —
– —
159.234 – 1773284400

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