USD/JPY – 1H – SELL

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

A continuation of the bearish trend down to the next support level at is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 145.28700 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 143.831 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 145.28700 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Matching Low’ candle chart pattern is existing. The candles form ‘Matching Low’. this is a bullish pattern signal. The pair is likely to go up. 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).

145.28700 – 144.77000 – 145.08600 – 143.97200 – 142.52800 – 143.67200

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