Sell USD/JPY – 4H – SELL

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

A continuation of the downtrend down to the next support level at 142.06300 will persist.

Caution: A possible counter-trend in the direction of the resistance level at 148.27600 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Bearish Engulfing’ candle pattern is detected. 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 probability of ‘Bearish Engulfing’ going down is 79%.

Support & Resistance Price Range*
3rd High 151.20700
2nd High 150.48500
Next High 148.27600
Current Price 142.30600
Next Low 142.06300
2nd Low
3rd Low

148.27600 – 148.14700 – 150.48500 – 142.06300 – 144.54900 – 148.69800

Download USD/JPY Signal Image

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