USD/JPY – 4H – SELL

The combination US Dollar/Japanese Yen (USD/JPY) jumps from the ascending trendline downwards

A bearish trend downwards to the next support level at will continue.

Caution: A possible reversal of the trend in the direction of the resistance zone at 159.528 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 158.20138 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 159.528 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Bearish Belt Hold’ chart pattern is detected. The chart shows ‘Bearish Belt Hold’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

159.528 – 159.856 – 160.028 – 157.591 – 157.884 – 158.271 —
158.63700 – 158.99000 —
44.518535989257 – 50.5023040494 —
– —
159.528 – 1776412800

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