USD/JPY – 1H – SELL

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

A continuation of the bearish trend downwards to the next support level at is certain.

Caution: A possible reversal of the trend in the direction of resistance at 145.28700 could occur.
Consider stop-loss settings accordingly.

There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend 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 could occur.
Consider stop-loss settings accordingly.

There is also a ‘Matching Low’ candle pattern is discovered. The chart shows ‘Matching Low’. this is a bullish pattern signal. 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).

145.28700 – 144.77000 – 145.08600 – 143.97200 – 142.52800 – 143.67200

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