USD/JPY – 30M – SELL

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

A bearish descent down to the next support at 161.552 is likely expected.

Caution: A possible trend reversal in the direction of resistance at 161.838 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The pair is likely to go down.

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

161.838 – 161.777 – 161.629 – 161.552 – 161.525 – 161.451 —
161.71700 – 161.83800 —
47.076626000543 – 61.18082713209 —
– —
161.838 – 1782338400

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