USD/JPY – 4H – SELL

The combination US Dollar/Japanese Yen (USD/JPY) moves from the descending trendline down.

A continuation of the downtrend downwards to the next support line at 157.504 is certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 160.459 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.

And also a ‘Three Black Crows’ candle chart pattern is existing. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

160.459 – 159.653 – 159.895 – 157.504 – 157.271 – 156.449 —
159.99400 – 159.78500 —
57.025618495939 – 50.879571566797 —
– —
160.459 – 1774828800

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