USD/JPY – 30M – SELL

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

A continuation of the downtrend down to the next support line at 154.826 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 155.281 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The currency pair is likely to rise.

There is also a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.

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

155.281 – 155.34 – 154.867 – 154.826 – 154.54 – 153.549 —
155.05600 – 155.26100 —
50.242008405005 – 59.196811863087 —
– —
155.281 – 1771518600

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