USD/JPY – 4H – SELL

And also a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.

The pair US Dollar/Japanese Yen (USD/JPY) moves from the bearish trendline downwards

A continuation of the downward movement downwards to the next support line at 158.955 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 160.459 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The pair is likely to go down.

And also a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.

And also a ‘Matching Low’ candlestick chart pattern is found. The candles form ‘Matching Low’. which is a bullish pattern 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).

159.84 – 159.528 – 159.856 – 158.955 – 157.591 – 157.884 —
159.66200 – 160.72100 —
56.377413627521 – 47.696778032229 —
– —
159.84 – 1776974400

Trading Signals: FOREX – USD – USD/JPY – JPY – Matching Low – Rising Wedge Chart Pattern – – – – – – – –