USD/JPY – 30M – SELLThe pair US Dollar/Japanese Yen (USD/JPY) goes from the bullish trendline down.
A descending movement downwards to the next support level at 158.008 will continue.
Caution: A possible change in the direction of the resistance level at 158.7 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Matching Low’ candlestick pattern is detected. The chart shows ‘Matching Low’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 159.452 |
| 2nd High | 158.876 |
| Next High | 158.7 |
| Current Price | 158.01900 |
| Next Low | 158.008 |
| 2nd Low | 157.968 |
| 3rd Low | 157.889 |
158.7 – 158.876 – 158.728 – 158.008 – 157.968 – 158.408 —
158.19900 – 158.26300 —
45.288198628369 – 43.259666043227 —
– —
158.70000 – 1768530600
Trading Signals: FOREX – USD – USD/JPY – JPY – Matching Low – – – – – – – – –