Sell USD/JPY – 1H – SELL

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

The bearish trend downwards to the next support at 151.79600 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 154.72000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Additionally a ‘Three Black Crows’ candlestick pattern is discovered. The chart shows ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

Support & Resistance Price Range*
3rd High 155.88500
2nd High 155.02100
Next High 154.72000
Current Price 154.05400
Next Low 151.79600
2nd Low 151.00000
3rd Low 150.89300

Download USD/JPY Signal Image

Trading Signals:

Forex and Crypto Live Trading Signals - MyLiveSignals