USD/JPY – 1H – SELL

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

A descending movement downwards to the next support at 155.302 is certain.

Caution: A possible trend reversal in the direction of the resistance line at 159.223 is also possible.
Consider stop-loss settings accordingly.

Next a ‘MACD crosses below signal’ indicator signal is discovered. The indicator shows ‘MACD crosses below signal’. which could be a negative signal. The currency pair is likely to fall.

Next a ‘Matching Low’ candlestick chart pattern is found. The chart forms ‘Matching Low’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

156.079 – 155.784 – 155.509 – 155.302 – 152.677 – 152.093 —
156.35000 – 156.82100 —
73.604103324298 – 70.894420018929 —
– —
156.079 – 1770134400

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