USD/JPY – 30M – SELL

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

The bearish trend down to the next support at 157.386 will persist.

Caution: A possible change in the direction of resistance at 158.899 should always be considered.
Consider stop-loss settings accordingly.

Moreover a ‘Tweezers Top’ candlestick chart pattern is found. The chart shows ‘Tweezers Top’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

158.899 – 158.087 – 157.899 – 157.386 – 157.375 – 156.898 —
158.52500 – 158.47400 —
52.450456951146 – 51.30340183188 —
– —
158.899 – 1773037800

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