USD/JPY – 1H – SELL

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

A descent down to the next support level at 157.386 will persist.

Caution: A possible counter-trend in the direction of the resistance line at 158.899 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘StochRSI %K line crosses above %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish signal. The currency pair could go up.

Next a ‘Tweezers Top’ candlestick pattern is existing. The candles show ‘Tweezers Top’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

158.899 – 157.847 – 157.965 – 157.386 – 157.375 – 156.449 —
158.86800 – 158.50500 —
70.766395796444 – 56.329271879748 —
– —
158.899 – 1773036000

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