USD/JPY – 30M – SELL

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

A bearish descent downwards to the next support at 155.523 will continue.

Caution: A possible counter-trend in the direction of resistance at 159.223 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair is likely to fall.

Then a ‘Bearish Belt Hold’ candle pattern is found. The chart shows ‘Bearish Belt Hold’. 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 likelyhood of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

156.079 – 155.784 – 155.509 – 155.523 – 155.302 – 154.547 —
156.75300 – 156.76000 —
81.553481489825 – 52.35525344274 —
– —
156.079 – 1770134400

Trading Signals: FOREX – USD – USD/JPY – JPY – Bearish Belt Hold – – – – – – – – –