USD/JPY – 1H – SELL

The pair US Dollar/Japanese Yen (USD/JPY) moves from the descending trendline down.

A continuation of the bearish trend downwards to the next support at 152.564 is expected.

Caution: A possible change in the direction of the resistance zone at 153.634 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair is likely to fall.

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

Additionally a ‘MACD crosses below signal’ indicator layout is discovered. The indicator is ‘MACD crosses below signal’. which is often a bearish chart signal. The currency pair is likely to fall.

Additionally a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Additionally a ‘Bearish Belt Hold’ chart pattern is existing. The candles show ‘Bearish Belt Hold’. this is a bearish 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’ going down is 68% (Bull Market) & 69% (Bear Market).

153.634 – 153.664 – 153.755 – 152.564 – 152.361 – 152.265 —
153.47800 – 153.51100 —
59.886394151135 – 59.588886577466 —
– —
153.634 – 1771243200

Trading Signals: FOREX – USD – USD/JPY – JPY – Bearish Belt Hold – Double top chart pattern – – – – – – – –