USD/JPY – 30M – SELLThe pair US Dollar/Japanese Yen (USD/JPY) moves from the bullish trendline downwards
The bearish trend down to the next support line at 144.82100 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 146.28300 could happen.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Bearish Belt Hold’ candlestick pattern is found. The candles form ‘Bearish Belt Hold’. which is a bearish 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’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 148.27600 |
| 2nd High | 147.14000 |
| Next High | 146.28300 |
| Current Price | 148.15300 |
| Next Low | 144.82100 |
| 2nd Low | 144.43100 |
| 3rd Low | 143.44100 |
146.28300 – 146.18500 – 143.99700 – 144.82100 – 144.43100 – 143.44100
Trading Signals: FOREX – USD – USD/JPY – JPY – Bearish Belt Hold