USD/JPY – 30M – SELL

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

The bearish trend down to the next support line at 158.566 is expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 159.234 should be noted.
Consider stop-loss settings accordingly.

Then a ” indicator layout is detected. The indicator is ”. which could be a negative signal. The currency pair could go down.

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Then a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair could go down.

Then a ‘Tweezers Top’ candle chart pattern is detected. The candles form ‘Tweezers Top’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

159.234 – 158.97 – 158.391 – 158.566 – 157.86 – 157.397 —
159.28500 – 159.40900 —
65.261347713797 – 72.719597006564 —
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159.234 – 1773284400

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