USD/JPY – 1H – SELL

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

A bearish descent downwards to the next support at 154.81300 is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 155.373 could happen.
Consider stop-loss settings accordingly.

Then a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.

Then a ‘Matching Low’ chart pattern is found. The chart forms ‘Matching Low’. which is a positive signal. The pair is likely to go up. 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).

155.373 – 154.761 – 154.742 – 154.81300 – 153.615 – 153.663 —
155.18700 – 155.44000 —
52.489218899656 – 65.882706312166 —
154.81300 – 1763445600 —
155.37300 – 1763431200

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