USD/JPY – 30M – SELL

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

A bearish descent downwards to the next support at will persist.

Caution: A possible counter-trend in the direction of the resistance line at 159.595 is within the realm of possibility.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 159.283044 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support line at 159.595 is within the realm of possibility.
Consider stop-loss settings accordingly.

159.595 – 159.838 – 159.84 – 159.306 – 159.309 – 159.291 —
159.36500 – 159.41300 —
38.134938374991 – 51.049493507727 —
– —
159.595 – 1777257000

Trading Signals: FOREX – USD – USD/JPY – JPY – – – – – – – – – –