USD/JPY – 1H – SELL

The pair US Dollar/Japanese Yen (USD/JPY) jumps from the bullish trendline downwards

A descending movement down to the next support level at 159.303 will persist.

Caution: A possible reversal of the trend in the direction of the resistance level at 159.828 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘MACD crosses below signal’ indicator signal is discovered. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart scenario. The currency pair could go down.

Moreover a ‘Tweezers Top’ candlestick pattern is existing. The candles show ‘Tweezers Top’. which 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 probability of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

159.828 – 159.809 – 159.742 – 159.303 – 159.438 – 159.23 —
159.70800 – 159.81200 —
55.081009642546 – 56.096191102191 —
– —
159.828 – 1775440800

Trading Signals: FOREX – USD – USD/JPY – JPY – Tweezers Top – Rising Wedge Chart Pattern – – – – – – – –