USD/JPY – 30M – SELL

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

A bearish descent downwards to the next support at 160.421 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 160.567 could occur.
In the case of a trade, always set appropriate stop-loss settings.

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

Then a ‘Matching Low’ candle pattern is detected. The chart shows ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

160.567 – 160.526 – 160.431 – 160.421 – 160.322 – 160.233 —
160.53200 – 160.58500 —
53.905409881602 – 58.113400515271 —
– —
160.567 – 1781134200

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