USD/JPY – 30M – BUY

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair could go down.

Besides a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 156.9205 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 159.223 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Matching Low’ candlestick chart pattern is detected. 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 chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

157.153 – 157.092 – 157.334 – 156.776 – 156.507 – 156.527 —
157.12600 – 157.62800 —
56.506628025489 – 55.45055190851 —
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157.153 – 1770382800

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