USD/JPY – 1H – SELL

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

A bearish descent downwards to the next support at 156.507 is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 157.334 could occur.
Consider stop-loss settings accordingly.

Besides a ‘MACD crosses below signal’ indicator layout is found. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart signal. The currency pair is likely to fall.

Besides a ‘Three Black Crows’ candle chart pattern is existing. The candles show ‘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 likelyhood of ‘Three Black Crows’ heading down is 82%.

157.334 – 156.079 – 155.784 – 156.507 – 156.527 – 155.302 —
157.11400 – 157.65600 —
58.239473975777 – 59.997749541069 —
– —
157.334 – 1770289200

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