USD/JPY – 30M – SELL

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

A continuation of the downtrend downwards to the next support line at 156.49500 will continue.

Caution: A possible change in the direction of resistance at 156.798 is within the realm of possibility.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The currency pair could go down.

Then a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Then a ‘Matching Low’ candlestick pattern is found. The candles show ‘Matching Low’. which is a positive signal. 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).

156.798 – 156.962 – 157.891 – 156.49500 – 156.197 – 156.553 —
156.58400 – 156.93000 —
45.048720493495 – 62.291490821896 —
156.49500 – 1763967600 —
156.79800 – 1763951400

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