USD/JPY – 1H – SELL

Furthermore a ‘Double top chart pattern’ chart layout is discovered. The formation shows ‘Double top chart pattern’. which is a bearish chart scenario. The currency pair is likely to go down.

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

A descent down to the next support at is expected.

Caution: A possible trend reversal in the direction of the resistance level at 148.776 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair is likely to fall.

Furthermore a ‘Bearish Belt Hold’ candle pattern is found. The chart forms ‘Bearish Belt Hold’. which is a negative 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’ going down is 68% (Bull Market) & 69% (Bear Market).

148.776 – 148.181 – 147.906 – 147.787 – 146.659 – 147.098 — 45.259080102749 – 21.147548808102 — 24.685418208734 – 17.100912904022 – 21.549970533483 – 19.790878048472

Trading Signals: FOREX – USD – USD/JPY – JPY – Bearish Belt Hold – Double top chart pattern – –