USD/JPY – 30M – SELL

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

A continuation of the bearish trend down to the next support at 159.731 will persist.

Caution: A possible change in the direction of the resistance level at 160.227 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair could go down.

Moreover a ‘Bearish Belt Hold’ candle pattern is discovered. The candles form ‘Bearish Belt Hold’. which is a bearish pattern signal. 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’ heading down is 68% (Bull Market) & 69% (Bear Market).

160.227 – 160.337 – 160.372 – 159.731 – 159.95 – 159.538 —
160.13800 – 160.16200 —
51.012844992417 – 56.241513715688 —
– —
160.227 – 1781499600

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