Sell USD/JPY – 1H – SELL

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

A continuation of the bearish trend down to the next support at 155.94900 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 158.06800 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Three Black Crows’ candlestick pattern is detected. The chart shows ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

Support & Resistance Price Range*
3rd High
2nd High 158.08100
Next High 158.06800
Current Price 156.38600
Next Low 155.94900
2nd Low 153.15600
3rd Low 151.79600

Download USD/JPY Signal Image

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