USD/JPY – 1H – SELL

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

A continuation of the downtrend downwards to the next support line at 156.092 will persist.

Caution: A possible reversal of the trend in the direction of resistance at 156.577 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The currency pair could go down.

Besides a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair could go down.

Besides a ‘Matching Low’ candle chart pattern is detected. The chart forms ‘Matching Low’. which is a positive 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’ heading up is 61% (Bull & Bear Market).

156.577 – 156.734 – 157.186 – 156.092 – 155.718 – 155.651 —
156.37800 – 156.26800 —
47.684586558264 – 48.696038497951 —
– —
156.57700 – 1764295200

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