EUR/JPY – 1H – SELLThe pair Euro/Japanese Yen (EUR/JPY) jumps from the bullish trendline downwards
A bearish movement downwards to the next support line at 160.76900 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 162.46900 is also possible.
Consider stop-loss settings accordingly.
In addition a ‘Three Black Crows’ candle pattern is found. The candles show ‘Three Black Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 164.75300 |
| 2nd High | 162.48600 |
| Next High | 162.46900 |
| Current Price | 161.22300 |
| Next Low | 160.76900 |
| 2nd Low | 160.65800 |
| 3rd Low | 159.10300 |
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Black Crows