USD/JPY – 1H – SELL

The combination US Dollar/Japanese Yen (USD/JPY) jumps from the bullish trendline downwards

A bearish descent downwards to the next support level at 159.096 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 159.759 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 159.556342 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 159.759 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

159.759 – 159.372 – 159.651 – 159.096 – 159.115 – 159.174 —
159.72100 – 159.74100 —
61.631268054032 – 62.18749636029 —
– —
159.759 – 1780333200

Trading Signals: FOREX – USD – USD/JPY – JPY – – – – – – – – – –