Sell USD/JPY – 1H – SELL

Moreover a ‘Double top chart pattern’ chart formation is existing. The formation shows ‘Double top chart pattern’. this is a bearish signal. The currency pair is likely to go down.

The combination US Dollar/Japanese Yen (USD/JPY) jumps from the bearish trendline down.

A continuation of the downtrend down to the next support at is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 146.28400 should always be considered.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The pair is likely to go down.

Support & Resistance Price Range*
3rd High 148.64800
2nd High 148.27200
Next High 146.28400
Current Price 143.94100
Next Low
2nd Low
3rd Low

146.28400 – 144.45500 – 143.03000 – 143.43900 – 143.84700 – 142.11100

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