USD/JPY – 1H – SELL

The combination US Dollar/Japanese Yen (USD/JPY) jumps from the bearish trendline downwards

A continuation of the downward movement down to the next support at 155.718 is likely expected.

Caution: A possible change in the direction of resistance at 156.577 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘%K fall below 80’ indicator layout is detected. The indicator is ‘%K fall below 80’. which could be a negative chart signal. The currency pair could go down.

Moreover a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair could go down.

Moreover a ‘Three Black Crows’ candlestick pattern is existing. The chart shows ‘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%.

156.577 – 156.734 – 157.186 – 156.092 – 155.718 – 155.651 —
156.26800 – 155.90700 —
48.696038745175 – 33.101849633147 —
– —
156.57700 – 1764295200

Trading Signals: FOREX – USD – USD/JPY – JPY – Three Black Crows – Double bottom retreat down – – – – – – – –