USD/JPY – 1H – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to go down.

The pair US Dollar/Japanese Yen (USD/JPY) jumps from the bullish trendline downwards

A descending movement downwards to the next support line at 159.309 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 159.84 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘MACD crosses below signal’ indicator layout is found. The indicator shows ‘MACD crosses below signal’. which could be a negative signal. The pair is likely to go down.

In addition a ‘Three Black Crows’ candle chart pattern is existing. The chart forms ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

159.84 – 159.636 – 159.198 – 159.309 – 159.1 – 158.549 —
159.69800 – 159.79800 —
55.384030350389 – 60.083044550737 —
– —
159.84 – 1776974400

Trading Signals: FOREX – USD – USD/JPY – JPY – Three Black Crows – Rising Wedge Chart Pattern – – – – – – – –