EUR/JPY – 4H – SELL

The pair Euro/Japanese Yen (EUR/JPY) goes from the ascending trendline down.

A descent down to the next support level at 158.64400 will continue.

Caution: A possible trend reversal in the direction of resistance at 162.46900 could occur.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Three Outside Down’ candlestick chart pattern is found. The candles form ‘Three Outside Down’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

Download EUR/JPY Signal Image

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Outside Down