USD/JPY – 30M – SELL

The combination US Dollar/Japanese Yen (USD/JPY) moves from the bearish trendline down.

A continuation of the downtrend downwards to the next support at 159.013 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 159.653 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The pair is likely to go down.

Then a ‘Tweezers Top’ chart pattern is existing. The chart forms ‘Tweezers Top’. which is a bearish 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’ going down is 56% (Bull Market) & 55% (Bear Market).

159.653 – 159.803 – 159.895 – 159.013 – 158.253 – 157.504 —
159.62800 – 159.61000 —
57.518092463881 – 60.073244234425 —
– —
159.653 – 1774256400

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