USD/JPY – 1H – SELL

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

A bearish movement down to the next support at 158.955 will persist.

Caution: A possible reversal of the trend in the direction of the resistance level at 160.028 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Black Crows’ chart pattern is existing. The candles form ‘Three Black Crows’. which is a negative signal. The currency 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’ going down is 82%.

159.786 – 159.84 – 159.636 – 158.955 – 159.091 – 159.309 —
160.34500 – 160.72100 —
58.746158223309 – 68.433967776306 —
– —
159.786 – 1777384800

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