USD/JPY – 30M – SELL

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

A descending movement downwards to the next support line at 158.955 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 159.838 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 159.44396 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support line at 159.838 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Matching Low’ candle chart pattern is existing. The candles show ‘Matching Low’. this is a bullish 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).

159.566 – 159.461 – 159.479 – 158.955 – 159.091 – 159.306 —
159.55400 – 159.78100 —
58.262237910665 – 61.862582298574 —
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159.566 – 1777352400

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