USD/JPY – 1H – SELL

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

A continuation of the bearish trend down to the next support at will continue.

Caution: A possible counter-trend in the direction of the resistance level at 159.294 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The pair is likely to go down.

Furthermore a ‘Tweezers Top’ candlestick chart pattern is existing. The candles form ‘Tweezers Top’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

159.294 – 160.028 – 159.927 – 158.62900 – 157.884 – 159.466 —
158.89600 – 159.12400 —
47.182647186192 – 56.724139296264 —
158.62900 – 1775761200 —
159.294 – 1775757600

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