USD/JPY – 1H – SELL

The combination US Dollar/Japanese Yen (USD/JPY) goes from the ascending trendline downwards

A bearish descent downwards to the next support at 146.73400 will continue.

Caution: A possible trend reversal in the direction of the resistance zone at 147.98400 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

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

147.98400 – 147.57900 – 147.96100 – 146.73400 – 146.21100 – 144.17900 — 66.587326785104 – 57.736651731612 — 46.063626003922 – 32.569184244618 – 48.924882505137 – 42.58026764054

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