USD/JPY – 1H – SELL

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

A continuation of the downward movement down to the next support level at 152.265 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 154.651 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Black Crows’ candlestick pattern is found. The candles form ‘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 likelyhood of ‘Three Black Crows’ heading down is 82%.

154.651 – 156.29 – 157.656 – 152.265 – 152.796 – 155.517 —
153.54600 – 153.72100 —
50.45571841108 – 50.196897236997 —
– —
154.651 – 1770822000

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