USD/JPY – 4H – SELL

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

The bearish trend down to the next support level at 157.271 is certain.

Caution: A possible change in the direction of the resistance line at 159.743 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is 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.

Also there is a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.

Also there is a ‘Three Black Crows’ candle chart pattern is existing. The chart forms ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

159.743 – 158.899 – 157.965 – 157.271 – 156.449 – 155.534 —
159.13400 – 159.81300 —
51.399808462022 – 59.552981805573 —
– —
159.743 – 1773432000

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