USD/JPY – 30M – SELL

The pair US Dollar/Japanese Yen (USD/JPY) jumps from the bearish trendline downwards

A continuation of the downtrend down to the next support line at 155.534 is expected.

Caution: A possible trend reversal in the direction of the resistance level at 156.231 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

In addition a ‘Matching Low’ candlestick chart pattern is existing. The candles form ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to rise. 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).

156.231 – 156.429 – 156.172 – 155.534 – 155.828 – 155.698 —
155.95200 – 156.20500 —
46.952957171517 – 54.636556213688 —
– —
156.231 – 1772190000

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