Sell USD/JPY – 30M – SELL

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

A continuation of the downward movement down to the next support at 142.22600 is certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 143.27900 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Bearish Engulfing’ chart pattern is existing. The candles show ‘Bearish Engulfing’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

Support & Resistance Price Range*
3rd High 143.59300
2nd High 143.50800
Next High 143.27900
Current Price 142.11400
Next Low 142.22600
2nd Low 142.06300
3rd Low

143.27900 – 143.26400 – 143.50800 – 142.59500 – 142.77900 – 142.22600

Download USD/JPY Signal Image

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