USD/JPY – 1H – SELL

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

A bearish movement down to the next support level at 157.386 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 158.899 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair could go down.

Furthermore a ‘Bearish Belt Hold’ candle chart pattern is found. The chart forms ‘Bearish Belt Hold’. which is a negative chart scenario. The currency pair is likely to go down. 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).

158.899 – 157.847 – 157.965 – 157.386 – 157.375 – 156.449 —
158.63900 – 158.58200 —
62.793568894754 – 51.083989786405 —
– —
158.899 – 1773036000

Trading Signals: FOREX – USD – USD/JPY – JPY – Bearish Belt Hold – – – – – – – – –