USD/JPY – 1H – SELL

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

The bearish trend down to the next support line at 157.86 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 158.899 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Black Crows’ chart pattern is existing. The chart forms ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

158.899 – 157.847 – 157.965 – 157.86 – 157.271 – 157.386 —
158.99300 – 159.12400 —
67.174794821482 – 64.906336002309 —
– —
158.899 – 1773036000

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