USD/JPY – 30M – SELLThe currency pair US Dollar/Japanese Yen (USD/JPY) goes from the bullish trendline down.
A bearish trend downwards to the next support level at 159.008 is certain.
Caution: A possible change in the direction of resistance at 159.452 should be noted.
Consider stop-loss settings accordingly.
In addition a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair is likely to fall.
In addition a ‘Bearish Belt Hold’ candlestick pattern is existing. The candles show ‘Bearish Belt Hold’. which is a negative chart scenario. 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’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 159.452 |
| Current Price | 159.34100 |
| Next Low | 159.008 |
| 2nd Low | 158.566 |
| 3rd Low | 157.86 |
159.428 – 159.234 – 158.97 – 159.008 – 158.566 – 157.86 —
159.22900 – 159.45100 —
44.45760835689 – 60.789615096211 —
– —
159.428 – 1773352800
Trading Signals: FOREX – USD – USD/JPY – JPY – Bearish Belt Hold – – – – – – – – –