USD/JPY – 1H – SELL

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

A descent downwards to the next support line at 160.113 will persist.

Caution: A possible change in the direction of the resistance line at 160.793 should be noted.
Consider stop-loss settings accordingly.

Also there is a ” indicator layout is existing. The indicator shows ”. which is often a bearish chart scenario. The currency pair is likely to fall.

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Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair is likely to fall.

Also there is a ‘Tweezers Top’ candlestick pattern is found. The chart shows ‘Tweezers Top’. which is a bearish chart scenario. The 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).

160.793 – 160.479 – 160.39 – 160.113 – 160.044 – 159.731 —
160.61400 – 160.94600 —
57.316974847179 – 70.29601619772 —
– —
160.793 – 1781733600

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