USD/JPY – 30M – SELL

The currency pair US Dollar/Japanese Yen (USD/JPY) goes from the descending trendline down.

A continuation of the bearish trend downwards to the next support level at is likely expected.

Caution: A possible change in the direction of the resistance level at 158.6 should be noted.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair could go down.

In addition a ‘%K crosses below %D’ indicator signal is existing. The indicator shows ‘%K crosses below %D’. which could be a negative chart scenario. The currency pair could go down.

In addition a ‘Tweezers Top’ candle chart pattern is found. The candles form ‘Tweezers Top’. this is a bearish chart scenario. The currency pair is likely to fall. 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).

158.6 – 158.279 – 158.163 – 157.466 – 157.844 – 157.422 —
158.14600 – 158.15400 —
57.671598610682 – 55.741129386416 —
– —
158.60000 – 1768899600

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