USD/JPY – 30M – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.

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

A bearish movement down to the next support at will continue.

Caution: A possible reversal of the trend in the direction of resistance at 156.522 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

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

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair is likely to fall.

Furthermore a ‘MACD crosses below signal’ indicator signal is detected. The indicator shows ‘MACD crosses below signal’. which is often a bearish signal. The currency pair is likely to fall.

Furthermore a ‘Tweezers Top’ chart pattern is found. The candles form ‘Tweezers Top’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

156.522 – 156.508 – 157.934 – 156.016 – 156.019 – 155.611 —
156.39300 – 156.40200 —
48.842029481361 – 49.835975948758 —
– —
156.522 – 1778122800

Trading Signals: FOREX – USD – USD/JPY – JPY – Tweezers Top – Rising Wedge Chart Pattern – – – – – – – –