USD/JPY – 1H – SELL

Then a ‘Double top chart pattern’ chart layout is detected. The formation shows ‘Double top chart pattern’. which is a bearish chart scenario. The currency pair is likely to fall.

The pair US Dollar/Japanese Yen (USD/JPY) moves from the ascending trendline downwards

A bearish movement downwards to the next support line at is expected.

Caution: A possible counter-trend in the direction of the resistance level at 148.77500 should always be considered.
Consider stop-loss settings accordingly.

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

Then a ‘Falling Window’ candle chart pattern is existing. The chart shows ‘Falling Window’. which is a bearish 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 ‘Falling Window’ going down is 67% (Bull Market) and 73% (Bear Market).

148.77500 – 147.81400 – 147.89900 – 146.86700 – 146.73400 – 146.21100 — 30.318032942261 – 28.731306335704 — 18.247274279792 – 19.308951526976 – 11.444953257288 – 16.356020224794

Trading Signals: FOREX – USD – USD/JPY – JPY – Falling Window – Double top chart pattern – –