USD/JPY – 30M – SELL

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

A continuation of the downtrend down to the next support level at 155.58 is considered certain.

Caution: A possible counter-trend in the direction of resistance at 156.171 is also possible.
Consider stop-loss settings accordingly.

There is also a ‘Bearish Belt Hold’ candlestick chart pattern is detected. The chart forms ‘Bearish Belt Hold’. this is a bearish chart scenario. The currency pair is likely to fall. 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).

156.171 – 156.275 – 155.042 – 155.58 – 154.217 – 153.995 —
155.99000 – 155.93300 —
58.007384244837 – 52.349425105597 —
– —
156.171 – 1771948800

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