USD/JPY – 1H – SELL

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

A bearish movement downwards to the next support level at 146.21100 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 147.51100 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.

And also a ‘Matching Low’ candle chart pattern is existing. The candles form ‘Matching Low’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

147.51100 – 145.23100 – 144.24200 – 146.21100 – 144.17900 – 143.44300 — 54.880239362928 – 54.753262034063 — 22.685460207737 – 4.318554121438 – 46.440208097064 – 24.976448068742

Trading Signals: FOREX – USD – USD/JPY – JPY – Matching Low – – –