USD/JPY – 30M – SELL

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

A descending movement down to the next support level at 156.163 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 156.985 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

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

156.985 – 156.522 – 156.508 – 156.163 – 156.016 – 156.019 —
156.78400 – 156.66000 —
50.131971488696 – 45.595014164576 —
– —
156.985 – 1778211000

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