USD/JPY – 30M – SELL

Also there is a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to fall.

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

A bearish descent down to the next support level at 157.86 will continue.

Caution: A possible trend reversal in the direction of the resistance line at 159.234 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 158.2525 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 159.234 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Bearish Belt Hold’ candle pattern is existing. The candles show ‘Bearish Belt Hold’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

159.234 – 158.97 – 158.391 – 157.86 – 157.397 – 157.271 —
159.11300 – 158.85600 —
52.403210868936 – 41.766481173989 —
– —
159.234 – 1773284400

Trading Signals: FOREX – USD – USD/JPY – JPY – Bearish Belt Hold – Rising Wedge Chart Pattern – – – – – – – –