USD/JPY – 30M – SELLThe pair US Dollar/Japanese Yen (USD/JPY) moves from the bearish trendline downwards
A continuation of the bearish trend down to the next support at 154.665 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 156.08200 could happen.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.
In addition a ‘Tweezers Top’ candlestick pattern is detected. The candles show ‘Tweezers Top’. which is a negative signal. The currency pair is likely to fall. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 156.577 |
| 2nd High | 156.387 |
| Next High | 156.08200 |
| Current Price | 155.97000 |
| Next Low | 154.665 |
| 2nd Low | 154.413 |
| 3rd Low | 153.615 |
156.08200 – 155.772 – 156.387 – 154.665 – 155.979 – 156.092 —
156.08200 – 156.02600 —
77.723447474128 – 64.733959476347 —
156.08200 – 1764673200 —
– 1764673200
Trading Signals: FOREX – USD – USD/JPY – JPY – Tweezers Top – – – – – – – – –