Sell EUR/JPY – 30M – SELL

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

The bearish trend down to the next support line at 159.80200 is expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 163.67100 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Bearish Engulfing’ candle pattern is existing. The candles show ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

Support & Resistance Price Range*
3rd High 163.92700
2nd High 163.76900
Next High 163.67100
Current Price 163.35300
Next Low 159.80200
2nd Low 159.63400
3rd Low 159.10300

Download EUR/JPY Signal Image

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