USD/JPY – 30M – SELL

The combination US Dollar/Japanese Yen (USD/JPY) moves from the bullish trendline downwards

A bearish movement downwards to the next support level at 158.578 is certain.

Caution: A possible change in the direction of the resistance level at 159.188 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘%K crosses below %D’ indicator signal is detected. The indicator is ‘%K crosses below %D’. this is usually a bearish signal. The pair is likely to go down.

And also a ‘Tweezers Top’ candlestick chart pattern is detected. The candles show ‘Tweezers Top’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

159.188 – 159.046 – 158.202 – 158.578 – 157.889 – 157.669 —
159.11900 – 159.15300 —
59.006239941996 – 62.635898925011 —
– —
159.18800 – 1768327200

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