USD/JPY – 1H – SELL

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

A continuation of the downward movement down to the next support at 160.044 is certain.

Caution: A possible counter-trend in the direction of the resistance level at 160.479 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Bearish Belt Hold’ candlestick chart pattern is found. The chart shows ‘Bearish Belt Hold’. which is a negative pattern signal. The 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).

160.479 – 160.39 – 160.372 – 160.044 – 159.731 – 159.538 —
160.44200 – 160.32200 —
57.691150774483 – 41.763300787976 —
– —
160.479 – 1781650800

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